Womi and Nagarik Laghubitta signed a memorandum of understanding for the merger on March 8 following which both microfinance companies endorsed the merger proposal through their special general meeting held on September 19.
The SGMs also endorse a swap ratio of 100:72 for the merger.
The joint entity will be named Womi Laghubitta and will be headquartered at the head office of Nagarik Laghubitta.
