Sadhana, Sabaiko get final approval for merger

KATHMANDU, JUNE 13: Two microfinance companies-Sadhana and Sabaiko- have received final approval for the merger. The Nepal Rastra Bank gave such approval for them on Tuesday, June 11. They had signed an agreement to coalesce with each other at a swap ratio of 1:1 on April 14.   The two companies plan to start unified operations under the name of Sadhana Microfinance Limited.

Currently, the paid-up capital of Sadhana is Rs 382 million 258 thousand while the same of Sabaiko stands at Rs 318 million 600 thousand. After the merger, the combined paid-up capital will reach Rs 700 million 858 thousand.