Mero Microfinance concludes allotment process of 100% right shares; remaining 209,649 units to be auctioned

Mero Microfinance Bittiya Sanstha (MERO) has informed the investors regarding the allotment of the right shares issued by the microfinance company.

As per the notice published, 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 17^th Baisakh, 2076.

The company will also be refunding money to the non-allottees from 23^rd Baisakh, 2076 (tomorrow) directly to the bank accounts of the shareholders.

The remaining 209,649 units will be put up for auction soon.

After the adjustment of the right shares, the paid-up capital of the microfinance company will reach Rs 65.78 crore.