SEBON approves 100% right shares of Mero Microfinance; Paid-up capital to reach Rs 65.78 crore after adjustment

Securities Board of Nepal (SEBON) has approved 100% right shares of Mero Microfinance Bittiya Sanstha Limited (MERO).

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.