25th August 2024, Kathmandu
In a significant development for the financial sector, Manushi Microfinance has officially decided to demerge from Shrijanshil Laghubitta.
Manushi Microfinance Votes to Demerge
This decision was confirmed during a special general meeting held on Friday, where the proposal received unanimous approval.
Manushi Microfinance had previously embarked on a process to merge with Shrijanshil Laghubitta, completing all necessary procedures in the prior financial year. However, due to unforeseen special reasons, this merger could not be finalized. The organization’s executive head stated that the decision to demerge is aimed at benefiting both the organization and its investors. Despite this setback, the assembly has empowered the board of directors to explore alternative microfinance institutions for potential mergers in the future.
Located in Banepa, Kavre, Manushi Microfinance operates 36 branches across 14 districts. The organization boasts a substantial share capital of NPR 109,375,000. The demerger decision reflects the organization’s commitment to optimizing its operations and financial structure for enhanced growth and investor returns.
The demerger process will involve separating the assets, liabilities, and operations of Manushi Microfinance from those of Shrejansheel Laguvitta. This strategic move is expected to streamline operations and allow Manushi Microfinance to focus more directly on its core activities and regional expansion.
Following the demerger, the organization plans to reassess its strategic goals and seek new opportunities for collaboration with other microfinance institutions. The board of directors is tasked with identifying potential partners that align with Manushi Microfinance’s objectives and growth strategy.
Investors and stakeholders are encouraged to stay updated on further developments as Manushi Microfinance moves forward with its revised strategic plan. The decision to demerge highlights the organization’s proactive approach to navigating the complexities of the financial sector and its commitment to ensuring long-term success and value creation for its stakeholders.
This move is anticipated to have a significant impact on the microfinance landscape in Nepal, as it reflects the dynamic nature of the industry and the ongoing efforts by institutions to adapt and thrive in a competitive environment.
For more information and updates, stakeholders are advised to follow official announcements from Manushi Microfinance and monitor industry news related to the financial sector.
Manushi Microfinance Votes to Demerge
