LOLC Holdings plc bought 46,612,489 shares of Unguka Bank PLC at 114.43 Rwandan franc per share. Accordingly, the total amount invested for the acquisition of these businesses is 5,333,934,000 Rwandan francs. This is approximately Rs. 1.44 billion.

Unguka Bank PLC is a microfinance bank licensed by the National Bank of Rwanda. The Bank was founded in 2005 and is licensed to take deposits from clients and grant loans, as well as engage in other related financial services.