Mero Microfinance to auction unsold right shares from May 21

May 12, 2019 Merolagani

Mero Microfinance Laghubitta Bittiya Sanstha (MERO) is set to issue 209,649 units of unsold right shares from May 21. The company is auctioning the unsold right shares that went unsold during its issuance from March 3-April 7.

The last traded price of the stock was Rs 635 on Thursday. The interested bidders can bid for the shares from Global IME Capital-Jamal and Birtamod, Biratnagar, Janakpur, Birgunj, Hetauda, Narayangadh, Pokhara, Baglung, Butwal, Dang, Nepalgunj, Surkhet, Dhangadi and Mahendranagar branches of Global IME Bank.

The issue will close on May 28. The bidders can bid for a minimum of 100 units and maximum of all shares at a minimum price of Rs 100.

Presently, the company has a paid-up capital of Rs 328.9 million that will reach Rs 657.8 million after the capitalization of the right shares.

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