Mero Microfinance knocks at SEBON’s door with proposal of 100% right shares; new paid up value to scale up to 65.78 crore after adjustment of right shares

Mero Microfinance Bitiya Sanstha has submitted an application at SEBON seeking for its permission to issue 100% right shares to its shareholders.

At present, the microfinance institution has a paid up value of Rs 32.89 crore. Following the 1;1 issuance of right shares, the new paid up figure will scale up to Rs 65.78 crore.

This decision was earlier endorsed by the 6th AGM of the company held on Kartik 9, 2075. The same AGM had also decided to provide 15% bonus shares and 11.32% cash dividend to the shareholders. the cash dividend has already been credited to the shareholders’ accounts and the bonus shares are waiting to be cleared from the regulatory bodies, as stated in the media statement.

The microfinance institution currently has presence at 48 districts of the nation through its 86 branches.