In this regard, the chairmen of both companies signed a final agreement.
Deprosc Laghubitta and Adarsha Laghubitta approved the acquisition proposal from their respective AGM on March 14.
Deprosc held its meeting in Hotel Seven Star Sauraha, Chitwan and Adarsha Laghubitta held its meeting in Gautam Village Resort, Sinagal, Kavrepalanchowk.
Both companies have agreed upon a swap ratio of 1:1. The joint entity of the companies will have paid-up capital of Rs 1.55 billion.
The joint transaction of the companies will start after NRB approval.
