Deprosc Laghubitta Acquires Adarsha Laghubitta | Joint Operation Begins From Today
June 16, 2023 | Investopaper
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has successfully acquired Adarsha Laghubitta Bittiya Sanstha Limited (ADLB). After the acquisition, the joint transaction will commence from Ashad 1, 2080 BS. The company will operate in the name of ‘Deprosc Laghubitta Bittiya Sanstha Limited’ after the acquisition.
Nepal Rastra Bank provided the final approval on Jestha 3, 2080 BS for the acquisition.
Both the microfinance had signed a final agreement (MOU) for the acquisition on Chaitra 13, 2079 BS. The MoU was signed by Mr. Deepak Khanal, Chairman of Deprosc Laghubitta, and Ms. Surya Kumari Shrestha, Chairman of Adarsha Laghubitta.
The swap ratio for the acquisition has been agreed at 1:1. This means that every 100 shares of Adarsha Laghubitta will convert into 100 shares of Deprosc Laghubitta.
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About Deprosc Laghubitta Bittiya Sanstha Limited
Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) is a national level ‘D’ class micro-financial institution licensed by Nepal Rastra Bank. It started its operation on July 3, 2001. The head office is located at Bharatpur, Chitwan District.
Deprosc Laghubitta is promoted by Nabil Bank Ltd, Nepal Bank Ltd, Agriculture Development Bank Ltd, Lumbini Bikas Bank Limited, Development Project Service Center (NGO), CEAPRED (NGO) and former bankers.
As of Ashad’s end 2079 BS (Mid-July, 2022 AD), Deprosc Laghubitta has a paid-up capital of Rs 115.62 crores. The microfinance has floated Rs 18.34 Arba as total loans and advances. [As per Q4 report, FY 2078/79].
About Adarsha Laghubitta Bittiya Sanstha Limited
Adarsha Laghubitta Bittiya Sanstha Limited is a ‘D’ class microfinance company licensed by Nepal Rastra Bank. The microfinance started its operation from December 16, 2018 AD. The head office is located at Banepa, Kavrepalanchowk.
As of Ashad’s end 2079 BS (Mid-July, 2022 AD), Adarsha Laghubitta has a paid-up capital of Rs 2.07 crores. The company has disbursed loans of Rs. 27 crores [As per Q4 report, FY 2078/79]
Suggested Readings:
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