Nerude Laghubitta Merges with Mirmire Laghubitta | Joint Operation from Today
March 13, 2024 | Investopaper
Nerude Laghubitta Bittiya Santha Limited (NLBBL) has successfully completed the merger with Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB). After the merger, the joint operation has commenced in the name of ‘Nerude Mirmire Laghubitta Bittiya Sanstha Limited’ from Falgun 30, 2080 BS.
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.
Suggested Reading:
