Womi Laghubitta to Merge with Suryodaya Laghubitta | Final Agreement Signed

January 14, 2022 | Investopaper

Womi Laghubitta Bittiya Sanstha Limited (WOMI) is going to merge with Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS). Both the companies have signed the final agreement for merger on January 13, 2022 [Poush 29, 2078 BS].

Nepal Rastra Bank has already provided the consent to both the companies for the merger. NRB issued the approval on Karthik 1, 2078 BS.

Womi Laghubitta and Suryodaya Laghubitta had signed an initial memorandum of understanding (MOU) for merger on August 31, 2021 [Bhadra 15, 2078 BS].

Due to the merger agreement, the trading of shares of both microfinance companies has remained halted in Nepse. Womi Laghubitta last traded at Rs 1609 while the share price of Suryodaya Laghubitta stood at Rs 1713.

After the merger, the new institution will operate in the name of ‘Suryodaya Womi Laghubitta Bittiya Sanstha Limited.’


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About Womi Laghubitta Bittiya Sanstha Limited

Womi Laghubitta Bittiya Sanstha Limited is a national level ‘D’ class microfinance company licensed by Nepal Rastra Bank on Falgun 19, 2068 BS. The head office is located at Banepa, Kavrepalanchowk. The company started its micro-finance operation from Falgun 25, 2068 BS.

As of Ashad’s end 2078 BS, Womi Laghubitta has a paid-up capital of Rs 41.19 crores. It has floated Rs 4.54 Arba as loans and advances. The microfinance generated a net profit of Rs 16.05 crores in the fiscal year 2077/78 [Based on unaudited Q4 Report, FY 2077/78].

About Suryodaya Laghubitta Bittiya Sanstha Limited

Suryodaya Laghubitta Bittiya Sanstha Limited is a national level ‘D’ class microfinance company licensed by Nepal Rastra Bank on Ashad 6, 2078 BS [June 20, 2013]. It started formal microfinance operation from Shrawan 1, 2070 BS (July 16, 2013). The head office is located at Putalibazar Municipality, Syangja.

As of Ashad’s end 2078 BS, Suryodaya Laghubitta has a paid-up capital of Rs 24.80 crores. It has floated Rs 3.62 Arba as loans and advances. The microfinance generated a net profit of Rs 10.56 crores in the fiscal year 2077/78 [Based on unaudited Q4 Report, FY 2077/78].


Read Related Contents:

List Of “D” Class Microfinance Companies In Nepal

Top 10 Microfinance With Highest Earnings Per Share (EPS)

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