September 28, 2020 | Investopaper
Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) is going to acquire Shrijanshil Laghubitta Bittiya Sanstha Limited. Both the microfinance signed the Memorandum of Understanding (MOU) for merger/acquisition on Ashwin 12, 2077 [September 28, 2020].
The trading of shares of Mirmire Laghubitta (MMFDB) will remain halted in NEPSE. Shrijanshil Laghubitta has not issued shares to the general public yet. Hence, it is not listed and traded in Nepal Stock Exchange.
Previously, Mirmire Laghubitta (MMFDB) has successfully acquired Nagbeli Laghubitta. Both the microfinance have started joint transaction after the acquisition since Bhadra 7, 2077. Mirmire Laghubitta and Nagbeli Laghubitta signed an agreement for the acquisition on Falgun 13, 2076.
Mirmire Laghubitta Bittiya Sanstha Limited
Mirmire Laghubitta started microfinance operation from September 23, 2010. It has a corporate office at Banepa Municipality, Kavre. It currently provides microfinance services in 25 districts.
As of Ashad end 2077, Mirmire Laghubitta has a paid-up capital of Rs 19.54 crores. Similarly, it has floated total loans and advances of Rs 2.71 Arba.
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Shrijanshil Laghubitta Bittiya Sanstha Limited
Shrijanshil Laghubitta Bittiya Sanstha Limited is a ‘D’ class microfinance institution licensed by Nepal Rastra Bank. It started the microfinance operation from March 15, 2019. The head office is located at Golbazar, Siraha. It is a national level microfinance.
At current, Shrijanshil Laghubitta is providing microfinance services in four districts-Siraha, Udayapur, Sindhuli and Mahottari.
As of Ashad end 2077, Shrijanshil Laghubitta has a paid-up capital of Rs 7 crores. The microfinance has floated total loans and advances of Rs 1.28 Arba.