Aarambha Chautari Laghubitta To Acquire BPW Laghubitta & Deurali Laghubitta

January 7, 2021 | Investopaper

Aarambha Chautari Laghubitta Bittiya Sanstha Limited has signed an agreement for acquisition (MOU) with BPW Laghubitta & Deurali Laghubitta. The three microfinance signed M/A agreement on Poush 13, 2077 BS.

The swap ratio for the acquisition of BPW Laghubitta & Deurali Laghubitta will be finalized after the Due Diligence Audit (DDA).

The company will start the joint transaction in the name of ‘Aarambha Chautari Laghubitta Bittiya Sanstha Limited.’ It has been agreed to change the name to ‘Vision Laghubitta Bittiya Sanstha Limited’ by passing the special proposal through the upcoming Annual Meeting after the acquisition.

You May Also Like:

Aarambha Chautari Laghubitta Start Joint Operation After Merger

About

Aarambha Chautari Laghubitta is a national level ‘D’ class microfinance licensed by Nepal Rastra Bank. The head office is located at Butwal, Rupandehi. Aarambha Chautari Laghubitta emerged after the successful merger of Aarambha Laghubitta and  Chautari Laghubitta that started joint transactions after the merger from Ashad 22, 2077 BS.

BPW Laghubitta Bittiya Sanstha Limited is a provincial-level ‘D’ class financial institution. It started its operation from Baisakh 2, 2076 BS [April 15, 2020]. The company has its head office at Banepa, Kavreplanchowk. It has a working area in Bagmati Province.

Deurali Laghubitta Bittiya Sanstha Limited is a ‘D’ class microfinance licensed by Nepal Rastra Bank. Microfinance started its operation from Magh 11, 2076 BS [January 25, 2020]. The head office is located at Butwal, Rupandehi. It is currently operating in the Lumbini Province.

Related:

Merger/Acquisition Of Microfinance Companies In Nepal

Top 5 Microfinance Companies In Nepal

 

Investopaper

Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published.

error: Content is protected !!