MoU Signed for Merger Between Two Microfinance Institutions; Lock-in of Shares Until AGM
Summary
Jeevan Bikas Laghubitta Bittiya Sanstha Limited and Unique Nepal Laghubitta Bittiya Sanstha Limited have signed an MoU to merge, requesting a lock-in on promoter shareholders' shares until their general meetings.
Key Points
- Jeevan Bikas Laghubitta Bittiya Sanstha Limited and Unique Nepal Laghubitta Bittiya Sanstha Limited signed a memorandum of understanding for a merger.
- The agreement was signed on Chaitra 14, 2082 at 4:00 PM.
- Jeevan Bikas Laghubitta is based in Katahari Rural Municipality–2, Morang, and Unique Nepal Laghubitta is headquartered in Kohalpur Municipality–11, Banke.
- They have requested the Nepal Securities Board to suspend trading of shares held by promoter shareholders until the completion of their general meetings as part of merger protocols.
