July 5, 2023 | Investopaper
Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) has successfully merger with Khaptad Laghubitta Bittiya Sanstha Limited (KLBS). The joint operation after merger has commenced from Ashad 20, 2080 BS in the name of ‘Dhaulagiri Laghubitta Bittiya Sanstha Limited’.
Nepal Rastra Bank has already given the final approval for the merger.
Similarly, the two microfinance companies approved the agenda of merger from their respective Annual General Meeting (AGM) held on Baisakh 16, 2080 BS.
Both the companies signed a final agreement for merger on Falgun 17, 2079 BS [March 1, 2023].
Earlier, the two companies had signed a preliminary MOU on Mangsir 18, 2079 BS [December 4, 2022] for the merger process.
Dhaulagiri Laghubitta is a national level ‘D’ class financial institution (microfinance company) with the head office at Baglung.
Khaptad Laghubitta is a ‘D’ class financial institution licensed by Nepal Rastra Bank with the working area in Sudurpaschim Province. The head office is located at Kailali.
As of Ashad’s end 2079 BS, Dhaulagiri Laghubitta has a paid-up capital of Rs. 10.31 crores while Khaptad Laghubitta has a paid-up capital of Rs. 4 crores.