Trading of six microfinance resumes; Alpine Dev. & Mahalaxmi Finance resumes trading after calling off merger process

Trading of Summit Microfinance Development Bank (SMFDB), Naya Nepal Laghubitta Bikas Bank (NNLB), Kalika Micro credit Developmet Bank (KMCDB) and Laxmi Laghubitta Bitiya Sanstha Limited (LLBS), Subhechha Bikas Bank Limited (SUBBL), First Microfinance Development Bank Limited (FMDBL) has now been resumed in Nepal Stock Exchange Limited after getting satisfactory DEMAT reports from CDSC Ltd. These microfinances were suspended in Nepse due to the inquiry purpose.Naghbeli Laghubitta Bikas Bank (NBBL) is still supspended for the same reason. Also, the trading of Alpine Development Bank Limited (ALDBL) and Mahalaxmi Finance Limited (MFL) has been resumed in Nepse after the cancellation of their merger process. Birganj based–Mahalaxmi Finance Limited (MFL) and Chitwan based– Alpine Development Bank Limited (ALDBL) signed a Memorandum of Understanding (MoU) for merger on August 15, 2015 and their trading had been halted in Nepse since August 16, 2015.