NRB Grants Final Approval For Merger Between Naya Sarathi (NSLB) and Vijaya Laghubitta (VLBS)

The Nepal Rastra Bank (NRB) has granted final approval for the merger between Naya Sarathi Laghubitta Bittiya Sanstha Limited (NSLB) and Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) on Ashad 15, 2080.

In a press release issued by NSLB on Friday, it notified of the same.

Earlier on Baisakh 30, 2080, both the microfinance companies had completed the final agreement for merger.

As per the initial merger agreement, it has been agreed that the share swap ratio between NSLB and VLBS will be 1:1. The companies signed the Memorandum of Understanding (MoU) regarding the merger on 26th Mangsir, 2079.

The present share capital of NSLB and VLBS is Rs. 361,040,400 and Rs. 384,000,000 respectively. Therefore, the paid-up capital of the newly merged company will be Rs. 74.50 Crores. The name of the company formed after the merger is yet to be announced.