Mero Microfinance to close its shareholders register book on Magh 24 for the 100% right issuance; Shareholders holding till Magh 23 eligible for the right shares

Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) will be closing its shareholders register book on Magh 24, 2075 for the issuance of its 100% right shares.

As per the notice published in NEPSE, the shareholders holding the shares of the microfinance company till Magh 23 will be able to apply for the right shares.

The microfinance company will be issuing 32,89,000 units as its right shares.

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.