Nerude Laghubitta And Mirmire Laghubitta Trading To be Halted from Falgun 30

The final procedure for a merger between Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) and Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) has been recently completed. Hence, as per Section 9 (3) of the Merger and Acquisition Directive 2079, Act, the Nepal Stock Exchange (NEPSE) has issued a circular regarding the suspension of share transactions of the company by Section 9 (3) of the Directory 2079.

NLBB; and MMFDB had signed a merger deal at a swap ratio of 1: 1. As per the merger agreement, "Nerude Mirmire Laghubitta Bittiya Sanstha Limited" has been agreed upon as the name of the new company that will be formed as a result of the merger. The companies will start the joint business on Falgun 30.

The paid-up capital of NLBBL at the present is Rs. 73.20 Crores. Meanwhile, the paid-up capital of MMFDB is Rs. 66.57 Crores.

As of writing, NLBBL and MMFDB have an LTP of Rs. 595.00 and Rs. 580.00 respectively.