Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has successfully acquired Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) and listed an additional 2,600,000 shares on the Nepal Stock Exchange (NEPSE). This acquisition was based on a 1:1 swap ratio, and the companies finalized the deal with a Memorandum of Understanding (MoU) on March 29, 2079. Before the acquisition, RULB had 2,600,000 listed shares, while ALBSL had 3,816,161 shares. The combined entity now has a total of 6,416,161 shares, equivalent to Rs 64.16 Crores in paid-up capital.
Highlights:
- SKBBL Lists 47,47,555.941 Unit Bonus Shares on NEPSE
- The final merger procedure between Sana Kisan Bikas and RMDC Laghubitta has been completed the swap ratio has been set at 1:0.87.
- Successful Merger of United Insurance Company (Nepal) Limited and Ajod Insurance Limited: Listing of United Ajod Insurance Limited on NEPSE
- Siddhartha Premier Insurance’s 2.8 crore unit shares have been listed for trading on the NEPSE.
- Sana Kisan Bikas Laghubitta and RMDC Laghubitta Joint Transaction Begins on Ashad 24