Mero Microfinance issuing 100% right from 19th Falgun, 2075; Shareholders holding till Magh 23 eligible to apply

Mero microfinance Company (MERO) will be issuing 32,89,000 units as its right shares from 19th Falgun to 24th Chaitra, 2075. The book closure for the right issue was on Magh 23, 2075. Therefore, shareholders holding the shares of MERO till that day will be eligible to apply for the 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.