Samata Gharelu Laghubitta to Acquire Manakamana Smart Laghubitta.

Nepal Stock Exchange (NEPSE) has made an official announcement regarding the acquisition of Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) by Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA).

Here’s a more detailed explanation: On Bhadra 07, 2080, two financial institutions, Samata Gharelu Laghubitta, located in Banepa, and Manakamana Smart Laghubitta, situated in Rupandehi, signed a preliminary agreement known as a memorandum of understanding (MOU). According to this agreement, Samata Gharelu Laghubitta will take over Manakamana Smart Laghubitta.

To give you some financial context, at the moment, Samata Gharelu Laghubitta has a paid-up capital of Rs. 39.41 Crores, while Manakamana Smart Laghubitta’s paid-up capital is Rs. 14.84 Crores. Samata Gharelu Laghubitta distributed an 18% dividend in the previous fiscal year, while Manakamana Smart Laghubitta distributed a 5% dividend for the fiscal year 2078/79.

As of the most recent update, on 23 August 2023, the last trading price of SMATA is Rs. 680, and MKLB’s shares are priced at Rs. 676. This means these are the prices at which their shares were last bought and sold in the stock market.