Merger Agreement Between Dhaulagiri Laghubitta and Khaptad Laghubitta Finalised; Joint Transaction To Begin From Ashad 20

The final procedure for the merger between Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) and Khaptad Laghubitta Bittiya Sanstha Limited (KLBS) has been recently completed.

"Dhaulagiri Laghubitta Bittiya Sanstha Limited" has been agreed upon as the name of the new company that will be formed as a result of the merger. The companies signed the Memorandum of Understanding (MoU) on 18th Mangsir 2079.

Likewise, in accordance with the letter issued by NRB dated Jestha 24 has provided final approval for a merger between the two microfinance companies. Therefore the companies will start the joint business on 20th Ashad, 2080 i.e. July 05, 2023.

DLBS has 10.31 lakh units of its IPO shares listed and KLBS has 4 lakh units of its shares listed on the Nepal Stock Exchange (NEPSE). Therefore, the total paid-up capital of DLBS is Rs. 10.31 Crores whereas the same of KLBS is Rs. 4 Crores.

The central office of Dhaulagiri Laghubitta Bittiya Sanstha Limited after the merger will be located in Gandaki Province, Baglung District, Baglung Municipality.