Vijaya Laghubitta (VLBS) To Acquire Khaptad Laghubitta
October 6, 2020 | Investopaper
Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) is going to acquire Khaptad Laghubitta Bittiya Sanstha Limited. Both the microfinance signed the Memorandum of Understanding (MOU) for merger/acquisition on Ashwin 19, 2077 [October 5, 2020].
The trading of shares of Vijaya Laghubitta (VLBS) will remain halted in NEPSE after the acquisition agreement. Khaptad Laghubitta has not issued shares to the general public yet. Hence, it is not listed and traded in Nepal Stock Exchange.
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About Vijaya Laghubitta Bittiya Sanstha Limited
Vijaya Laghubitta Bittiya Sanstha Limited is a national level ‘D’ class microfinance institution licensed by Nepal Rastra Bank. It started its operation from March 28, 2013. The head office is located at Gaidakot, Nawalparasi.
As of Ashad end 2077, Vijaya Laghubitta has a paid-up capital of Rs 22.40 crores. The microfinance has floated the total loans and advances of Rs 3.49 Arba. In the fiscal year 2076/77, Vijaya Laghubitta earned a net profit of Rs 5.81 crores. [Based on Unaudited Report, FY 2076/77]
About Khaptad Laghubitta Bittiya Sanstha Limited
Khaptad Laghubitta Bittiya Sanstha Limited is a newly established ‘D’ class micro-financial institution. It started its operation from July 31, 2020. The microfinance has its head office at Godawari, Kailali. At current, it is providing the microfinance services in the province 7.
Until Ashad end 2077, Khaptad Laghubitta has a paid- up capital of Rs 2.68 crores.
Related:
List Of “D” Class Microfinance Companies In Nepal
History Of Microfinance In Nepal
