Samudayik and Sanjeevani Microfinance Initiate Merger Process
Summary
Samudayik Laghubitta Bittiya Sanstha Limited and Sanjeevani Laghubitta Bittiya Sanstha Limited have begun a merger process after signing a preliminary MoU on August 3. Samudayik has also asked NEPSE to freeze trading of major shareholders until the merger is finalized and approved at upcoming annual general meetings.
Key Points
- Samudayik Laghubitta and Sanjeevani Laghubitta have officially started the process to merge into a single entity.
- The two institutions signed a preliminary Memorandum of Understanding on August 3 to formalize the agreement.
- Samudayik informed NEPSE of the merger decision and requested a freeze on share trading by major shareholders.
- The merger is being conducted under Nepal Rastra Bank's merger and acquisition guidelines.
