February 26, 2020 | Investopaper
Mirmire Laghubitta and Nagbeli Laghubitta have signed an agreement for the acquisition on Falgun 13, 2076. As per the MOU, Mirmire Laghubitta will acquire Nagbeli Laghubitta.
Mirmire Laghubitta has a corporate office at Banepa Municipality, Kavre. Likewise, the head office of Nagbeli Laghubitta is at Birtamode municipality, Jhapa.
Mirmire Laghubitta has a current paid-up capital of Rs. 12.88 crores, as per the unaudited second-quarter report of fiscal year 2076/77. The microfinance earned a net profit of Rs. 3.98 crores in the six months period.
Likewise, Nagbeli Laghubitta posted a profit of Rs. 2.22 crores in the six months with the capital of Rs. 16.76 crores.
The swap ratio for the acquisition is yet to be finalized.