March 19, 2023 | Investopaper
Manushi Laghubitta Bittiya Santha Limited (MLBS) is going to merge with Shrijanshil Laghubitta Bittiya Sanstha Limited (SHLB).
The two microfinance companies have inked a Memorandum of Understanding (MOU) for merger on Chaitra 2, 2079 BS [March 16, 2023]. Padmasana Shakya, Chairman of Manushi Laghubitta and Rajkumar Shrestha, Chairman of Shrijanshil Laghubitta signed the preliminary agreement.
After the merger, the company’s name will remain as Manushi Shrijanshil Laghubitta Bittiya Santha Limited.
As of Poush’s end 2079 BS, Manushi Laghubittaa has a paid-up capital of Rs. 10.93 crores. The head office is located at Banepa, Kavrepalanchowk. Likewise, Shrijanshil Laghubitta has a paid-up capital of Rs. 10.93 crores with head office at Golbazar, Siraha.