Following the acquisition, 6,39,535.22 shares of Nepal Agro Laghubitta were listed as Infinity Laghubitta’s shares.
Infinity Laghubitta is the name given to the 6,39,535.22 shares of Nepal Agro Laghubitta that are presently traded on the stock exchange.
Infinity Laghubitta has completed the acquisition of Nepal Agro Laghubitta and has commenced a joint transaction on Bhadra 4, 2078, which will be completed by the end of the year. The SGM of Infinity Laghubitta backed the board’s decision to purchase Nepal Agro Laghubitta and fixed the share swap ratio between the two organizations at 100:98 shares between the two companies.
The joint transaction was initiated by Mr. Ramesh Kumar Karmacharya, chairman of the erstwhile Nepal Agro Laghubitta, Mr. Balram Bista, chairman of the board of directors of Infinity Laghubitta, and Mr. Prabin Kumar Lama, CEO of the microfinance institution, among others.
The company had a paid-up capital of Rs 32.46 crore at the time of acquisition, 85 branches in 39 districts, 342 staff, 74K or more clients, a deposit figure of Rs 1.15 Arba and a credit disbursement figure of Rs 4.14 Arba, and a deposit figure of Rs 1.15 Arba.