Mahila Sahayatra Laghubitta Sanstha Limited (NMFBS) has successfully acquired National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) (MSMBS). Following the purchase, the joint transaction will begin on Ashad 30, 2078 BS. National Microfinance Laghubitta Bittiya Sanstha Limited would be the name of the joint venture.
On Ashad 15, 2078 BS, Nepal Rastra Bank gave final permission to the acquisition. Similarly, on Ashad 24, 2078 BS, the office of the corporate registrar granted authorisation. Both microfinance institutions had already gotten approval from their respective SGMs on Jestha 25, 2078 BS.
On Magh 8, 2077 BS, both microfinance institutions signed a preliminary memorandum of understanding (MOU) for acquisition.
The chairman of both microfinance companies signed the MoU.
Since the acquisition agreement, trading of Mahila Sahayatra Laghubitta shares has been halted on Nepse. MSMBS’s most recent trade price was Rs 1259 [as on Magh 8, 2077 BS].
About National Microfinance Laghubitta
National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) is a Nepal Rastra Bank-licensed national level ‘D’ class microfinance company. On June 11, 2014, NRB granted it an operational license. Similarly, on July 2, 2014, NMFBS began the business transaction. The headquarters are in Nilkantha, Dhading.
About Mahila Sahayatra Laghubitta
MSMBS (Mahila Sahayatra Laghubitta Bittiya Sanstha Limited) is a Nepal Rastra Bank-licensed ‘D’ class financial institution. On December 25, 2012, the microfinance began operations. The company’s headquarters are in Chitlang, Makwanpur. In Nepal, it is a national microfinance organization.
Mahila Sahayatra Laghubitta has a paid-up capital of Rs 13.31 crores until the end of Poush 2077 BS. Up to that point, it had floatated Rs 1.78 Arba in total loans and advances. [Source: FY 2077/78 Unaudited Q2 Report].