Summit Laghubitta's AGM Postponed Till Further Notice; Swap Ratio Changed to 1:0.73
Fri, May 26, 2023 11:09 AM on Latest, AGM/Special AGM, Merger/Acquistion,
Summit Laghubitta Bittiya Sanstha Limited (SMFDB) has postponed its 14th AGM until further notice which was supposed to be conducted on 30th Jestha, 2080.
According to the notice of National Microfinance (NMFBS) published in NEPSE, states after the evaluation of the Due Diligence Audit (DDA) of the companies, the share swap ratio for the merger has been changed from 100:82 to 100:73, meaning for every 100 units of Summit's shares, the shareholders will receive 73 units of National Microfinance shares, which is the reason that the SMFDB's AGM has been postponed.
The LTP of SMFDB and NMFBS is Rs. 950 and Rs. 1,282 respectively.