Mero Microfinance issuing 100% right from today; Shareholders can apply till Chaitra 24
Sun, Mar 3, 2019 6:55 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Mero microfinance Company (MERO) is issuing 32,89,000 units right shares (100%) from today (Falgun 19, 2075) to its shareholders. This right issue will be closed on Chaitra 24, 2075.
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.
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