Nepal Agro Laghubitta (NAGRO) to be Acquired by Infinity Laghubitta (ILBS)

Nepal Agro Laghubitta Bittiya Sanstha Limited (NAGRO) will now be acquired by Infinity Laghubitta Bittiya Sanstha Limited (ILBS).

The trading of NAGRO was halted in NEPSE because the company had signed a Memorandum of Understanding (MoU) for merger and acquisition with NESDO Sambridha Laghubitta. However, Infinity Laghubitta Bittiya Sanstha Limited (ILBS) has unveiled a notice today stating that it has signed an acquisition agreement with Nepal Agro Laghubitta in which the former will acquire the latter.

The acquisition agreement was signed on Magh 26 by Mr. Balram Bista representing ILBS and Mr. Bibek Shrestha representing NAGRO. NAGRO is a microfinance company with its central office in Bindhyabasini, Pokhara - 18, Kaski. The company has an operational area of 10 districts.