Mirmire Laghubitta Biitiya Sanstha Limited (MMFDB) and Nagbeli Laghubitta Sanstha Limited (NBBL) have entered into a memorandum of understanding (MoU) for the acquisition Nagbeli Laghubitta Sanstha Limited.
Trading in NEPSE for both the companies was halted from 2076/1/30 after they entered into a joint merger agreement with Kisan Microfinance Finance Limited (KMFL). However, the notice published on 2076/11/14 has not mentioned of Kisan Microfinance but only of Nagbeli. According to the notice, the MoU is effective from 2076/11/13.
Trading of these two companies, MMFDB and NBBL will continue to remain on halt until the acquisition process is completed.
Here's a copy of the notice provided to Nepal Stock Exchange Limited.
Trading in NEPSE for both the companies was halted from 2076/1/30 after they entered into a joint merger agreement with Kisan Microfinance Finance Limited (KMFL). However, the notice published on 2076/11/14 has not mentioned of Kisan Microfinance but only of Nagbeli. According to the notice, the MoU is effective from 2076/11/13.
Trading of these two companies, MMFDB and NBBL will continue to remain on halt until the acquisition process is completed.
Here's a copy of the notice provided to Nepal Stock Exchange Limited.
