Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC), both licensed financial institutions in Nepal, have successfully completed their merger process. The merger was approved through a special resolution passed separately by the Annual General Meetings (AGMs) of both companies. The swap ratio of 1:0.87 was endorsed, meaning that shareholders who previously owned 100 shares of RMDC Microfinance would now receive 87 shares of the merged entity. Furthermore, the merger has obtained final permission from regulatory bodies including the Nepal Rastra Bank (NRB), Securities Board of Nepal (SEBON), and the Office of the Registrar of Companies, as per the official letter received.
Highlights:
- “NEPSE Lists Shares of Merged Asha, Vijaya, and Sana Kisan Bikas Laghubitta After Successful Acquisition.”
- The final merger procedure between Sana Kisan Bikas and RMDC Laghubitta has been completed the swap ratio has been set at 1:0.87.
- SKBBL Lists 47,47,555.941 Unit Bonus Shares on NEPSE
- “Auction Begins Today: NIC Asia Bank, Sanima Bank, and Chhimek Laghubitta Promoter Shares”
- NIC Asia Bank Conducts Auction for Sana Kisan Bikas Laghubitta Promoter Shares