Wean Nepal Laghubitta Bittiya Sanstha Ltd. Announces Change in Shareholding Structure
Summary
Wean Nepal Laghubitta Bittiya Sanstha Ltd. has revised its shareholding structure, adjusting promoter shares to 62.03% and public shares to 37.97% following regulatory approval from Nepal Rastra Bank.
Key Points
- Wean Nepal Laghubitta Bittiya Sanstha Ltd. resulted from the merger of Nepal Seva Laghubitta Bittiya Sanstha Ltd. and Wean Laghubitta Bittiya Sanstha Ltd.
- The institution has adjusted its shareholding structure, reducing promoter shares from 70% to 62.03%.
- Public shareholding has increased to 37.97% in the merged entity's paid-up capital.
- The change was made in compliance with the Bank and Financial Institution Act and approved by Nepal Rastra Bank.
