The companies signed a merger agreement on September 25. Currently, Aarambha Chautari has a paid-up capital of Rs 263.4 million, CYC Nepal has 70 million and Shaligram Laghubitta has 16.8 million in paid-up capital. After the merger, the paid-up capital of the joint entity will be totaled Rs 350.2 million.
CYC Nepal and Shaligram Nepal has not issued IPO to the general public. The company will issue FPO instead of IPO in the near future. The company will also restructure its promoter and general shareholders ratio to 7:
Following the merger agreement, the stock trading of Aarambha Chautari has been suspended in NEPSE. The joint entity will be named Aarambha Chautari and will be headquartered at Banepa.
