Nerude Laghubitta to Merge with Mirmire Laghubitta | NRB Grants Final Approval

October 30, 2023 | Investopaper

Nerude Laghubitta Bittiya Santha Limited (NLBBL) is in the process of merger with Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB).

For this purpose, Nepal Rastra Bank has given the final approval to the companies on Karthik 3, 2080 BS.

Both the companies have already endorsed the merger proposal from their respective Special General Meeting (SGM) held on Baisakh 10, 2080 BS.

The  final agreement for a merger (MOU) between the two microfinance companies was inked on Chaitra 16, 2079 BS.

Earlier, the preliminary agreement for merger was signed on Poush 11, 2079 BS [December 26, 2022]. The chairman of both microfinance companies signed the agreement for merger/acquisition.

As of Ashad’s end  2080 BS, Nerude Laghubitta has a paid-up capital of Rs. 73.20 crores while Mirmire Laghubitta has a paid-up capital of Rs. 65.33 crores.

After the merger agreement, the trading of shares of basic shareholders has remained halted in Nepal Stock Exchange.


Suggested Reading:

Merger/Acquisition Of Microfinance Companies In Nepal

Top 5 Microfinance Companies In Nepal

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