MoU Signed for Merger Between Two Microfinance Institutions; Lock-in of Shares Until AGM

Jeevan Bikas Laghubitta Bittiya Sanstha Limited and Unique Nepal Laghubitta Bittiya Sanstha Limited have signed a memorandum of understanding (MoU) to proceed with a merger between the two institutions.

The agreement was formally signed on Chaitra 14, 2082 at 4:00 PM. Jeevan Bikas Laghubitta has its central office in Katahari Rural Municipality–2, Morang, while Unique Nepal Laghubitta is headquartered in Kohalpur Municipality–11, Banke.

Following the agreement, the institutions have requested the Nepal Securities Board to suspend the trading of shares held by their promoter shareholders until the completion of their respective general meetings. This request has been made in accordance with Clause 3(1) and Clause 7 of the “Merger and Acquisition Directive, 2079” applicable to organizations with registered securities.

The merger process will move forward after obtaining necessary approvals and completing statutory procedures, including shareholder endorsements through general meetings.