NEPSE Suspends Trading of GBLBS and SAMAJ Shares Ahead of Merger Implementation

The Nepal Stock Exchange (NEPSE) has announced the suspension of share trading for Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) and Samaj Laghubitta Bittiya Sanstha Limited (SAMAJ), following their merger.

According to NEPSE, both microfinance institutions have officially completed their merger process as per the decision outlined in their respective letters dated Ashwin 28, 2082. The newly merged entity is set to commence integrated business operations under the name Grameen Bikas Laghubitta Bittiya Sanstha Limited starting Kartik 2, 2082. In line with the Merger and Acquisition Directive, 2079 (Clause 9(13)), NEPSE has decided to suspend the trading of the shares of both institutions effective Kartik 2, 2082.