Sadhana Laghubitta Merges with Sabaiko Laghubitta to form ‘Sampada Laghubitta Bittiya Sanstha Limited’
June 28, 2024 | Investopaper
Sadhana Laghubitta Bittiya Santha Limited (SDLBSL) has successfully merged with Sabaiko Laghubitta Bittiya Sanstha Limited (SABSL). The joint operation will commence in the name of ‘Sampada Laghubitta Bittiya Santha Limited’ from Baisakh 24, 2081 BS.
For this purpose, Nepal Rastra Bank (NRB) has given the final approval on Jestha 29, 2081 BS.
The preliminary agreement for merger has been signed between the two companies on Bhadra 15, 2080 BS [September 1, 2023]. The chairman of both microfinance companies signed the agreement for merger/acquisition.
As of Jestha’s end 2081 BS, Sadhana Laghubitta has a paid-up capital of Rs. 38.22 crores while Sabaiko Laghubitta has a paid-up capital of Rs. 31.86 crores.
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