National Microfinance Acquires Mahila Sahayatra Laghubitta | Joint Operation From Ashad 30
July 14, 2021 | Investopaper
National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) has successfully acquired Mahila Sahayatra Laghubitta (MSMBS). After the acquisition, the joint transaction will commence from Ashad 30, 2078 BS. The joint operation will be in the name of ‘National Microfinance Laghubitta Bittiya Sanstha Limited.’
Nepal Rastra Bank provided the final approval for the acquisition on Ashad 15, 2078 BS. Likewise, the office of the company’s registrar has given the approval on Ashad 24, 2078 BS. Both the microfinance had already received permission from their respective SGM held on Jestha 25, 2078 BS.
The acquisition has been finalized at a share-swap ratio of 1:0.68. This means that every 100 shares of Mahila Sahayatra Laghubitta will convert into 68 shares of National Microfinance Laghubitta.
Both the microfinance had signed a preliminary memorandum of understanding (MOU) for acquisition on Magh 8, 2077 BS. The MoU was signed by the chairman of both microfinance companies.
Trading of shares of Mahila Sahayatra Laghubitta was suspended in Nepse since the acquisition agreement. The last trading price of MSMBS stood at Rs 1259 [As of Magh 8, 2077 BS].
You May Also Like:
Merger/Acquisition Of Microfinance Companies In Nepal
Top 5 Microfinance Companies In Nepal
About National Microfinance Laghubitta
National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) is a national level ‘D’ class microfinance company licensed by Nepal Rastra Bank. It received an operating license from NRB on June 11, 2014. Likewise, NMFBS started the business transaction on July 2, 2014. The head office is located at Nilkantha, Dhading.
As of Chaitra’s end 2077 BS, National Microfinance Laghubitta has a paid-up capital of Rs 31.94 crores. Likewise, it has floated Rs 7.36 Arba as loans and advances. [Based on Unaudited Q3 Report, FY 2077/78].
About Mahila Sahayatra Laghubitta
Mahila Sahayatra Laghubitta Bittiya Sanstha Limited (MSMBS) is a ‘D’ class financial institution licensed by Nepal Rastra Bank. The microfinance started its operation on December 25, 2012. The head office is located at Chitlang, Makwanpur. It is a national level microfinance company in Nepal.
Until Poush’s end 2077 BS, Mahila Sahayatra Laghubitta has a paid-up capital of Rs 13.31 crores. It has floated Rs 1.78 Arba as total loans and advances until that period. [Based on Unaudited Q2 Report, FY 2077/78].
Suggested Readings:
