Aadhikhola and CYC Laghubitta to Merge; NEPSE Suspends Trading

Jul 07, 2022 11:50 AM Merolagani



Aadhikhola Laghuibitta, headquartered at Syangja and CYC Nepal Laghubitta, headquartered at Baglung is set to merge with each other.

The microfinance companies signed a memorandum of understanding regarding the merger on Wednesday, July 7.

 As per the preliminary agreement, the companies have agreed upon a swap ratio of 100:70.

Currently, the company has a paid-up capital of Rs 119 million while CYC Nepal Laghubitta has a paid-up capital of Rs 121.6 million.

Aadhikhola Laghubitta was seeking a new merger partner after its merger procedure with Dhaulagiri Laghubitta dissolved midway.

Following the merger agreement, NEPSE has suspended the trading of both companies in the secondary market.