NEPSE Suspends Share Trading of Grameen Bikas Laghubitta and Samaj Laghubitta Following Merger
The Nepal Stock Exchange (NEPSE) has officially announced the suspension of share trading for both Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) and Samaj Laghubitta Bittiya Sanstha Limited (SAMAJ). This decision follows the successful merger of the two microfinance institutions.
According to an official notice from NEPSE, the merger process has been completed as outlined in their letters dated Ashwin 28, 2082. The integrated entity will now operate under the name Grameen Bikas Laghubitta Bittiya Sanstha Limited, with business operations commencing on Kartik 2, 2082.
This stock market news impacts investors holding shares in either company. In accordance with the Merger and Acquisition Directive, 2079 (Clause 9(13)), NEPSE has halted the trading of shares for both GBLBS and SAMAJ, effective Kartik 2, 2082. This suspension is a standard procedure during such mergers in the finance sector and the stock market. Investors should follow developments regarding the newly merged entity for further updates regarding their investment.
