Samaj Laghubitta Bittiya Sanstha and Swastik Laghubitta Bittiya Sanstha going to merger and will be issued FPO
Samaj Laghubitta Bittiya Sanstha and Swastik Laghubitta Bittiya Sanstha have been merged. The two organizations signed an agreement to merge on 2077 Aswin 05.
Samaj Laghubitta has already issued ordinary shares (IPO) to the public. Even though the IPO was issued, it was not listed in the secondary market yet.
Samaj Laghubitta IPO | Samaj Laghubitta IPO Issue | IPO KHABAR
The Samaj Laghubitta has signed a merger agreement before the listing. Another company, Swastik Laghubitta, has not issued an IPO. Jeevan Khanal, CEO of Swastik Laghubitta, informed that the FPO will be issued after the merger. According to CEO Khanal, the swap ratio will be 1 to 1 and the name after the merger will be Swastik Samaj Laghubitta Sanstha.
It has been agreed that Satyanarayan Jha, who is currently the chairman of Swastik Laghubitta, and Kishor Mahato, who is the CEO of the Samaj Laghubitta, will be the chairman of the organization to be formed after the merger.
Khanal, who is currently the CEO of Swastik, has agreed to work as the Deputy Chief Executive Officer.
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