Meroshare.net

meroshare_logo

NLBBL and MMFDB Merger Finalized: NEPSE Issues Circular on Share Transaction Suspension

The final steps for the merger between Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) and Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) have recently been concluded. In accordance with Section 9 (3) of the Merger and Acquisition Directive 2079 Act, the Nepal Stock Exchange (NEPSE) has issued a circular, officially suspending share transactions of the company as outlined in Section 9 (3) of the Directory 2079.

The merger agreement between NLBBL and MMFDB, sealed at a swap ratio of 1:1, has determined the formation of a new entity named “Nerude Mirmire Laghubitta Bittiya Sanstha Limited.” This new company is slated to commence joint operations on Falgun 30, marking the beginning of a consolidated business approach.

Currently, NLBBL holds a paid-up capital of Rs. 73.20 Crores, while MMFDB’s paid-up capital stands at Rs. 66.57 Crores. The merger signifies a strategic combination of financial strengths and resources from both entities, aiming to enhance their overall market position and operational capabilities.

In the current scenario, NLBBL and MMFDB are valued at Rs. 595.00 and Rs. 580.00, respectively, based on their Last Traded Prices (LTP). This reflects the market’s anticipation and response to the forthcoming merger, showcasing potential implications for the stock values of the involved entities.

LEAVE A REPLY

Please enter your comment!
Please enter your name here