Introduction: Microfinance Merger Prompts Trading Suspension

The Nepal Stock Exchange (NEPSE) has announced the suspension of share trading for Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) and Samaj Laghubitta Bittiya Sanstha Limited (SAMAJ) following the completion of their merger. This action ensures compliance with regulatory guidelines and facilitates the smooth integration of the two microfinance institutions.

Merger Details and Effective Date

Both institutions officially completed the merger process as outlined in their respective letters dated Ashwin 28, 2082. The newly merged entity will operate under the name:

Grameen Bikas Laghubitta Bittiya Sanstha Limited

Integrated business operations are scheduled to begin on Kartik 2, 2082, marking a new chapter for the combined microfinance institution.

Regulatory Compliance and NEPSE Decision

In accordance with the Merger and Acquisition Directive, 2079 (Clause 9(13)), NEPSE has decided to suspend trading of shares of both GBLBS and SAMAJ effective Kartik 2, 2082. The suspension is aimed at:

• Preventing trading irregularities during the merger process
• Facilitating the smooth transition to a single listed entity
• Ensuring regulatory compliance with the NEPSE and the Securities Board of Nepal (SEBON)

Conclusion: Transition to a Unified Microfinance Institution

The merger of GBLBS and SAMAJ represents a strategic consolidation in Nepal’s microfinance sector, creating a stronger, more efficient financial institution. NEPSE’s suspension of trading is a temporary measure to align share listings with the newly merged entity.

Investors and shareholders are advised to follow updates from NEPSE regarding the resumption of trading for the shares of the merged entity, which will continue operations under the unified name Grameen Bikas Laghubitta Bittiya Sanstha Limited.