10,08,261.78 Additional Shares Obtained After Acquisition Listed Under Global IME Laghubitta

10,08,261.78 shares have been listed under the name of Global IME Laghubitta Bittiya Sanstha Limited. These are the shares added after the acquisition of Sparsha Laghubitta Bittiya Sanstha Limited.

After the successful acquisition of Sparsha Laghubitta Bittiya Sanstha Limited, Global IME Laghubitta Bittiya Sanstha Limited (GILB) has commenced the joint operation from 8th Baisakh, 2078 under the name Global IME Laghubitta Bittiya Sanstha Limited.

Both Global IME Laghubitta Bittiya Sanstha Limited (GILB) and Sparsha Laghubitta Bittiya Sanstha Limited (SPARS) called their separate AGM on Poush 29. The respective AGM endorsed the Share Swap Ratio of 1:0.9 for Global IME Laghubitta's acquisition of Sparsha Laghubitta.

The microfinance company has published its third quarterly report of FY 2077/2078 with an increase in Net Profit of a massive 149.90%. As per the unaudited financial report for the third quarter, the company has stated that its net profit increased to Rs. 21.15 crores as compared to Rs. 8.46 crores in the corresponding quarter of the previous year.

The borrowing of the company has increased to Rs. 3.23 Arba while deposits have increased by 32.66% to Rs. 1.73 Arba in the current quarter. Similarly, the company has floated loans of Rs. 4.87 Arba in the third quarter of the fiscal year 2077/2078.

The net interest income of the company has increased by 84.81% compared to the corresponding quarter of the previous year and stood at Rs. 32.72 crores in Q3, 2077/2078. 

GILB’s paid-up capital stood at Rs. 33.08 crores with a reserve and surplus of Rs. 27.81 crores in the third quarter of the fiscal year 2077/2078. 

Its earnings per share (EPS) stood at Rs. 85.26 and net worth per share stood at Rs. 184.07. The company’s Non-performing loan slightly increased to Rs. 2.32%. The company traded at a PE multiple of 29.42 times during the report preparation.