Womi Laghubitta (WOMI) and Suryodaya Laghubitta (SLBS) have received the final approval for the merger from Nepal Rastra Bank. The central bank gave the approval via a later dated 2078/11/05.
The microfinance companies signed the final merger agreement with each other on Poush 29, 2078 (3: 15 pm). Earlier, both the companies had called their respective AGM to endorse a share swap ratio of 1: 1 for the merger. The companies had decided to go on a merger with each other via a merger agreement on Bhadra 15, 2078. Thus, share trading of the company was since halted in NEPSE.
Womi Laghubitta posted a net profit of Rs 87.70 million in the second quarter of the fiscal year 2078/79. Meanwhile, Suryodaya Laghubitta…
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