Mero Microfinance selling 2,09,649 units ordinary unsold right shares via auction; interested investors can apply from Jestha 7

Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) is selling its unsold 2,09,649 units of unsold right shares via auction.

As per the notice published by the microfinance company, the company will be auctioning 2,09,649 units of ordinary right shares from Jestha 7 to Jestha 14, 2076. Global IME Capital Limited has been appointed as the issue manager for the auction.

Interested bidders can obtain the application form from Global IME Capital Limited, Kathmandu and branch office of Global IME Bank Limited outside the valley i.e Birtamode, Janakpur, Biratnagar, Birgunj, Hetauda, Narayanghad, Pokhara, Baglung, Butwal, Gorahi, Nepalgunj, Surkhet, Dhangadi and Mahendranagar. The application form can be obtained at Rs.100 per form.

The applicants can bid for minimum 100 units at a minimum price of Rs.100 per share. The bid amounts can be deposited in the name of Global IME Capital Limited at Global IME Bank Limited, Kamaladi branch A/C No. 0101010007627 or Kumari Bank Limited, Durbarmarg branch A/C No. 00100117146000019.

The microfinance company had issued 3,289,000 units as 100% right shares. Out of the issued shares, 25,172 valid applicants were allotted 3,079,351 units. The allotment process took place on 17th Baisakh, 2076.