MoU Signed for Merger Between Two Microfinance Institutions
Summary
Mahila Laghubitta Bittiya Sanstha Limited and First Microfinance Laghubitta Bittiya Sanstha Limited have signed an initial MoU for a merger. Mahila Laghubitta has also asked NEPSE to suspend trading of its promoter shareholders' shares until the company’s general meeting is completed.
Key Points
- Mahila Laghubitta Bittiya Sanstha Limited and First Microfinance Laghubitta Bittiya Sanstha Limited signed an initial memorandum of understanding for a merger.
- The merger is being carried out under the Securities Board of Nepal’s Merger/Acquisition Directive for Organized Institutions Registered with the Securities Board of Nepal, 2079.
- Mahila Laghubitta has requested NEPSE to suspend trading of promoter shareholders’ shares until its general meeting is concluded.
