Manushi Laghubitta and Shrijanshil Laghubitta Cancel Merger
October 30, 2024 | Investopaper
Manushi Laghubitta Bittiya Santha Limited (MLBS) and Shrijanshil Laghubitta Bittiya Sanstha Limited (SHLB) have cancelled the merger process. As per the direction of Nepal Rastra Bank, the company have decided to part ways with one another.
Earlier, 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.
As of Ashwin’s end 2081 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.
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