January 3, 2020 | Investopaper
Nepal Rastra Bank has provided final approval for the merger of Kalika Laghubitta and Janasewi Laghubitta.
As informed on Nepse, as per the agreement between Kalika Laghubitta and Janasewi Laghubitta to go into the merger on Jestha 5, 2076, Nepal Rastra Bank has provided the final approval to the merger of these microfinance institutions. After the merger, the joint transaction of the company will start from Paush 23, 2076 and the company will operate in the name of Kalika Laghubitta Bittiya Sanstha Ltd.
Janasewi Laghubitta issued 4,63,300 shares worth Rs. 4.63 crores as the IPO.