Summit Laghubitta's trading resumes after 8 months; 8% positive gain already

The shares of Summit Laghubitta Bittiya Sanstha Limited (SMFDB) have resumed trading from today.

The stock trading of Summit Laghubitta Bittiya Sanstha Limited was halted in NEPSE due to a merger with Sajilo Laghubitta. During this period of no trading, 4,43,000 units of bonus shares of Summit Laghubitta had been listed in NEPSE. The microfinance company had issued a 21.10% bonus shares for the FY 75/76.

It should also be noted that the 198th meeting of the board members had decided to not distribute any dividend for the fiscal year 2076/77.

The merger process with Sajilo Laghubitta Bittiya Sanstha Limited (SLBBSL) is already complete and they have commenced their joint operation from Ashwin 06. The paid-up capital of the company after the merger is Rs. 39.43 crores.

The shares of both the companies, which will trade under the name Summit Laghubitta Bittiya Sanstha Limited and stock ticker SMFDB are open for trading from today. As of writing, the stock has already gained 8%.