Manakamana Smart Laghubitta begins joint operation after successful merger; to issue Rs 3.89 crore worth IPO shares soon

Siddharthanagar based Manakamana Laghubitta and Ghorahi based Smart Laghubitta have begun a joint transaction after the successful merger process.

Newly revamped Manakamana Smart Laghubitta has a paid up capital of Rs 8.22 crore, and will issue IPO of Rs 3.89 crore to the general public, as stated in the media statement. The microfinance post-merger now has 25 branches in province V serving 17K rural households.

Chairman of Manakamana Smart Laghubitta Mr. Ajay Goenka has received oath of secrecy and designation from NRB Siddharthanagar Director Mr. Sudip Fuyal at the same event to mark joint transaction. Likewise, BoDs Mr. Abisek Birewal, Mr. Pradipkumar Sudarniya, Ms. Shanti Chaudhary, Mr. German Chaudhary, Mr. Navraj Adhikari and independent BoD Mr. Achyut Pant also received their oath from chair Mr. Goenka, as per the media statement.