Manushi Laghubitta Aborts Merger Plans With Shrijanshil Laghubitta Amid Financial Challenges

Manushi Laghubitta Bittiya Sanstha Limited (MLBS) has officially called off its planned merger with Shrijanshil Laghubitta Bittiya Sanstha Limited (SHLB) due to the latter's unfavorable financial circumstances. The decision was formally announced during a board of directors meeting held on Falgun 16.

The merger was initially agreed upon with the signing of a Memorandum of Understanding (MoU) on the 2nd of Chaitra 2079 and reached its final agreement on the 11th of Poush 2080. Subsequently, the application for the merger's final approval was submitted to the department on the 7th of Magh 2080.

However, citing challenges arising from the precarious financial situation of SHLB, MLBS has decided to cancel the merger. The company expressed concerns about the unsatisfactory financial condition of the company, prompting the demerger process to be initiated.