After the successful merger between Sabaiko Laghubitta Bittiya Sanstha Limited (SABSL) and Sadhana Laghubitta Bittiya Sanstha Limited (SDLBSL), a total of 70,08,584 shares of the newly formed entity, Sampada Laghubitta Bittiya Sanstha (SMPDA), have been listed on the Nepal Stock Exchange (NEPSE).
The merger agreement between SABSL and SDLBSL was signed with a 1:1 swap ratio, ensuring equal share distribution for the shareholders of both companies. Before the merger, SABSL had a paid-up capital of Rs. 31.86 crores, while SDLBSL’s paid-up capital stood at Rs. 38.22 crores. After the merger, the combined paid-up capital now amounts to Rs. 70.08 crores.
The two microfinance companies began joint transactions under the new name “Sampada Laghubitta Bittiya Sanstha” from 30th Ashadh, 2081. For the initial trading, the open price range has been set at Rs. 1,057 per share.
This merger is expected to strengthen the financial position of the newly formed microfinance institution and attract more investors in the Nepal stock market.
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