Sadhana Laghubitta and Aarthik Samridhhi Laghubitta to commence joint operation from Ashadh 30

Sun, Jul 14, 2019 11:25 AM on Latest,

Sadhana Laghubitta Bittiya Sanstha Limited (SALBSL) and Aarthik Samriddhi Laghubitta Bittiya Sanstha Limited (ARTHIK) will be doing joint operation from Ashadh 30, 2076.

Nepal Rastra Bank (NRB) has given final approval on Ashadh 25, 2076 and Office of Company Register has given final approval on Ashadh 27, 2076 for the acquisition of ARTHIK by SALBSL. The new entity will be named as ‘Sadhana Laghubitta Bittiya Sanstha Limited’ and will start the integrated business as ‘D’ class microfinance institution under NRB act. After the joint operation, the registered office will be at Gorkha District, Province 4.

The SWAP ratio was set at 100:80. Investors holding 100 units of Aarthik Samriddhi Laghubitta will be getting 80 units shares of the merged entity after the completion of acquisition. After the acquisition, the newly form entity will also be issuing 100% right shares, as per another decision made during the SGM. This will jack up the paid up capital of the company to Rs 14.70 crore.

Previously, the training event was conducted for 40 branch heads of different branches of both micro-finance institutions which have already signed acquisition agreement prior to completion of acquisition process.