Mero Microfinance Starts Auctioning Unsold Right Shares

May 21, 2019 Merolagani

Mero Microfinance Laghubitta Bittiya Sanstha (MERO) has started issuing 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 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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