Nepal Agro Laghubitta to merge with NESDO Sambridha Laghubitta; NEPSE halts trading of NAGRO from today

Nepal Stock Exchange Limited (NEPSE) has published a notice regarding the suspension in trading of Nepal Agro Laghubitta Bittiya Sanstha Limited (NAGRO).

As per the notice published Nepal Agro Laghubitta Bittiya Sanstha Limited and NESDO Sambridha Laghubitta Bittiya Sanstha Limited have signed Memorandum of Understanding (MoU) for merger and acquisition. Due to this, the trading in securities of Nepal Agro has been suspended until further notice. NESDO Sambridha Laghubitta has not issued share to general public yet.

Nepal Agro has a paid up capital of Rs 4.97 crore with net profit of Rs 1.57 crore till the end of FY 2075/76. On the other hand, NESDO Sambridha Laghubitta currently has paid up capital of Rs 7 crore.

Nepal Agro Laghubitta proposes 15% bonus instead of 15% cash dividend after NRB's review; Proposal sent to NRB for approval