Preliminary Agreement Signed for Merger Between Three Microfinance Institutions; Lock-in of Shares Until AGM

Unique Nepal Laghubitta Bittiya Sanstha Limited, Jeevan Bikas Laghubitta Bittiya Sanstha  Limited, and Manushi Laghubitta Bittiya Sanstha Limited have signed a memorandum of understanding (MoU) to proceed with a merger.

The initial agreement between JBLB and UNLB was formally signed on Chaitra 14, 2082. Later, MLBS joined the agreement on chaitra 28, 2082, marking the beginning of the merger process among all three institutions.

Jeevan Bikas Laghubitta Bittiya Sanstha is headquartered in Katahari Rural Municipality- 2, Morang, while Manushi Laghubitta Bittiya Sanstha is based in Banepa -13, Kavrepalanchok.

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.