Mahuli Laghubitta and Navakiran Laghubitta to commence joint operation from Mangsir 08

Mahuli Laghubitta Bittiya Sanstha Limited and Navakiran Laghubitta Bittiya Sanstha Limited are commencing their joint transaction from Mangsir 08.

NRB has already approved Mahuli Laghubitta Bittiya Sanstha Limited's request to acquire Navakiran Laghubitta Bittiya Sanstha Limited. After the acquisition between Mahuli Laghubitta and Navakiran Laghubitta, the joint transaction will commence in the name of Mahuli Laghubitta Bittiya Sanstha Limited. At the present, Mahuli Laghubitta operates in Saptari and Navakiran Laghubitta operates in Dhulikhel.

Both the companies had organized separate SGMs on Bhadra 9, 2077, to discuss the proposed share swap ratio determined during the merger. Also, the agenda was to amend the management letter after the merger changes their promoters: public shareholding profile.