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Infinity Laghubitta Bittiya Sanstha Limited (ILBS) is acquiring Nepal Agro Laghubitta Bittiya Sanstha Limited (NAGRO). On May 25, 2021 [Jestha 11, 2078 BS], Nepal Rastra Bank approved the acquisition.

On February 8, 2021 [Magh 26, 2077], the firms signed a Memorandum of Understanding (MOU) for the acquisition.

The acquisition’s swap ratio has not been finalized. It will only be determined following the Due Diligence Audit (DDA).

Since the acquisition deal, trading in Nepal Agro Laghubitta shares has been halted on the Nepse.

Concerning Infinity Laghubitta

Infinity Laghubitta Bittiya Sanstha Limited is a Nepal Rastra Bank-licensed national level ‘D’ class financial institution. On January 20, 2017, it began its microfinance operations. The headquarters are in Gaidakot, Nawalparasi.

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Infinity Laghubitta has a paid-up capital of Rs 26 crores as of Poush end 2077 BS. The microfinance institution has issued Rs 3.03 Arba in loans and advances. [According to the unaudited second quarterly report for the fiscal year 2077/78].

A Brief History of Nepal Agro Laghubitta

Nepal Agro Laghubitta Bittiya Sanstha Limited is a Nepal Rastra Bank-licensed ‘D’ class financial institution. It was founded on April 19, 2016. On September 20, 2016, it began its microfinance operations. The central office is in Pokhara, Kaski. It serves four to ten districts, including Kaski, Parbat, Baglung, Gulmi, Palpa, Salyan, Pyuthan, Rolpa, Tanahu, and Lamjung.

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Nepal Agro Laghubitta has a paid-up capital of Rs 5.72 crores as of Poush end 2077 BS. It has a loan portfolio worth Rs 88.39 crores. [From the unaudited second quarterly report for the fiscal year 2077/78].