Swarojgar Laghubitta Bittiya Sanstha Limited is all set to start joint operations from Bhadra 21 after completing acquisition of Win Nepal Laghubitta Bittiya Sanstha Limited.
The two microfinance companies decided to merge after their respective general meetings approved the acquisition proposal. Swarojgar Laghubitta had approved the decision in its Special General Meeting held on Jestha 1, while Win Nepal Laghubitta passed proposal in its Annual General Meeting on Jestha 5.
Approval and Transaction Closure
According to the companies, they have already received all the necessary approvals for integrated business from Nepal Rastra Bank and the Office of the Company Registrar. To prepare for this transition, all the transactions of both companies will remain closed on the day joint operations start.
New Name and Central Office
After the acquisition is complete, the joint business will run under the name of Swarojgar Laghubitta Bittiya Sanstha Limited. The head office of the company will be located in Banepa-5, Kavrepalanchowk.
Currently, both companies are listed on secondary market. Swarojgar Laghubitta has 89 lakh 56 thousand 337 shares listed on secondary market, while Win Nepal Laghubitta has 8 lakh 43 thousand 406 shares listed.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
