Grameen Bikas Laghubitta And Samaj Laghubitta Receive Final Approval From NRB for Merger

Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) and Samaj Laghubitta Bittiya Sanstha Limited (SAMAJ) have officially received final approval for their merger from Nepal Rastra Bank (NRB).

According to a notice published on NEPSE, the NRB issued a letter dated Jestha 22 granting final approval for the merger between the two microfinance institutions.

GBLBS and SAMAJ had initially signed a Memorandum of Understanding (MoU) for the merger on Falgun 17, 2081. GBLBS's total paid-up capital stands at Rs. 98.25 Crores, while SAMAJ's paid-up capital is Rs. 2.28 Crores.

As of the last trading day, SAMAJ’s last traded price (LTP) stood at Rs. 2,398.70, while GBLBS recorded an LTP of Rs. 788.16.