Mero Microfinance closing its right shares issue to its shareholders; eligible can apply till banking hour today

Sun, Apr 7, 2019 6:44 AM on Dividend, Bonus & Rights, Stock Market,

Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) is closing the issue of 32,89,000 units right shares (100%) to its shareholders from today (Chaitra 24, 2075). This right issue was opened since Falgun 19, 2075. The eligible shareholders can apply till banking hour today.

Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO)  closed its shareholders register book on Magh 24, 2075 for the issuance of its 100% right shares. The shareholders holding the shares till Magh 23 will be able to apply for its 1:1 right issue.

Global IME Capital Limited has been appointed as the issue manager for the right issuance.

ICRA Nepal has assigned Grade 4 plus rating to the right issuance of Mero Microfinance indicating below average fundamentals.

After the adjustment of the right shares, the paid-up capital of the microfinance company will reach Rs 65.78 crore.

Click Here for Right share offer letter: