January 21, 2022, Friday
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Global IME Laghubitta and Sparsha Laghubitta to start joint business from Baisakh 8

Global IME Laghubitta and Sparsha Laghubitta to start joint business from Baisakh 8

Kathmandu, April 16

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Global IME Laghubitta Bittiya Sanstha Limited is set to start joint business from Baisakh 8 after acquiring Sparsha Laghubitta Bittiya Sanstha Limited.

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The joint business will be started under the name of Global IME Laghubitta Bittiya Sanstha Limited. Both the organizations had approved the acquisition process from their general meetings held on Poush 27. The final agreement was reached on Poush 29 regarding the acquisition process of both the microfinance institutions.

Nepal Rastra Bank had given final approval to the acquisition process of both the microfinance institutions on Chaitra 10 and the Office of the Registrar of Companies had given final approval on Chaitra 27.

According to a joint statement issued by the two microfinance institutions, all banking services provided by the two microfinance offices for the purpose of data migration for integrated transactions will be closed for one day on Baisakh 7. After the acquisition the company’s central office will be in Pokhara.