Womi Laghubitta (WOMI) and Suryodaya Laghubitta Receive Preliminary Approval For Merger

Nepal Rastra Bank has given preliminary approval for the merger between Womi Laghubitta Bittiya Sanstha Limited (WOMI) and Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS).

The companies decided to go on a merger with each other via a merger agreement on Bhadra 15, 2078.

WOMI had recently merged with another company. After completion of the merger procedures, the joint transaction of Womi Laghubitta and Grameen Swayamsewak Laghubitta had commenced from 3rd Chaitra last year. The two companies have carried out the joint operation under the name Womi Laghubitta Bittiya Sanstha Limited.

Suryodaya Laghubitta Bittiya Sanstha Limited posted a net profit of Rs 105.60 million in the last quarter of the fiscal year 2077/78. Meanwhile, WOMI Laghubitta Bittiya Sanstha Limited posted a net profit of Rs 160.53 million. As of writing, WOMI has an LTP of Rs. 1,609 and SLBS has an LTP of Rs. 1,713.