Mero Microfiance concludes 3rd AGM; CEO: IPO worth Rs 6.12 crore within the month of Poush
Mon, Dec 21, 2015 2:55 AM on Latest, Featured, AGM/Special AGM,
Mero Microfinance Bittiya Sanstha Limited (MMFB) has convened its 3rd Annual General Meeting (AGM) on Poush 03, 2072 (Friday).
The AGM was held at Citizens Bank International Limited, Kamaladi, Kathmandu Hall at 1:30 PM.
In the meeting, Mr. Ram Hari Dahal, CEO of MMFB, informed the shareholders that MMFB is issuing Initial Public Offering (IPO) worth Rs 6.12 crore (6.12 Lakh Kitta) to the general public by the end of Poush 2072 .
The microfinance has aims to extend its service in 13 districts and add 15 branches to service 52,342 members with 38,698 burrowers through 45 branches by the end of this fiscal year. It also plans to lend Rs 2 arba by the end of this fiscal year.
MMFB has earned a net profit of Rs.1.58 crore in the first quarter of the fiscal year 2072/73.Its EPS remains at Rs 45.59 and net worth per share at Rs 142.
