Global IME Laghubitta To Acquire Sparsha Laghubitta
October 7, 2020 | Investopaper
Global IME Laghubitta Bittiya Sanstha Limited (GILB) is going to acquire Sparsha Laghubitta Bittiya Sanstha Limited (SPARS). Buddhi Akela, Chairman of Global IME Laghubitta and Dr. Sushil Bhakta Mathe, Chairman of Sparsha Lagthubitta signed the agreement for acquisition on Tuesday.
The trading of shares of Global IME Laghubitta and Sparsha Laghubitta will remain halted in NEPSE after the acquisition agreement. Global IME Laghubitta (GILB) last traded at Rs 1,250 per share on Tuesday [October 6, 2020] while Sparsha Laghubitta was trading at Rs 972 per share on Nepal Stock Exchange.
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About Global IME Laghubitta
Global IME Laghubitta Bittiya Sanstha Limited is a national level ‘D’ class microfinance licensed by Nepal Rastra Bank on Jestha 1, 2070 B.S. It started its operation on Jestha 5, 2070 B.S. (May 19, 2013). The head office of the microfinance is located in Besisahar, Lamjung. Global IME Laghubitta is a subsidiary company of Global IME Bank Limited.
As of Ashad end 2077, Global IME Laghubitta has a paid-up capital of Rs 25.96 crores. It has floated loans of Rs 3.62 Arba. In the fiscal year 2076/77, GILB earned a net profit of Rs 7.79 crores. [Based on the unaudited quarterly report, FY 2076/77]
About Sparsha Laghubitta
Sparsha Laghubitta Bittiya Sanstha Limited (SLBSL), is a ‘D’ class microfinance institution licensed from Nepal Rastra Bank. It started its microfinance operation from Ashad 29, 2074. It is providing the services in 10 districts through its 20 branches. The major promoters include Global IME Bank Limited (Janata Bank), Mega Bank Nepal Ltd and others. The microfinance has its head office at Pokhara Lekhnath, Kaski.
Until Ashad end 2077, Sparsha Laghubitta has a paid-up capital of Rs 9.37 crores. It has floated loans and advances of Rs 1.02 Arba. The microfinance generated a net profit of Rs 2.88 crores in the fiscal year 2076/77. [Based on the unaudited fourth quarterly report, FY 2076/77]
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