NRB Grants Final Approval on National Microfinance Laghubitta (NMFBS)'s Acquisition of Mahila Sahayatra Laghubitta (MSMBS)

National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) has received the central bank's approval on the Letter of Intent (LOI) signed to acquire Mahila Sahayatra Laghubitta Bittiya Sanstha Limited (MSMBS).

Dhading based National Microfinance Laghubitta and Makwanpur based Mahila Sahayatra Laghubitta had both independently endorsed the acquisition-related agenda on their respective AGM. Nepal Rastra Bank then granted approval to the agreement on Baisakh 15.

As of writing, NMFBS has an LTP of Rs. 3,260 while MSMBS has an LTP of Rs. 1,259. Trading of MSMBS has been halted since January 21 of this year.