Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) has announced a significant alteration in its share structure, aimed at boosting public ownership and enhancing investor participation.
As per the notice published by the company, the promoter-public shares conversion ratio has been adjusted from the existing 69.40% – 30.60% to 59.40% – 40.60%, following approval from Nepal Rastra Bank and endorsement in their 11th Annual General Meeting (AGM).
Previously, MERO had 13,200,000 unit shares listed on NEPSE, with promoters holding 69.40% (9,160,800 units) and the public holding 30.60% (4,039,200 units). With the conversion, the promoter shares now amount to 59.40% (7,840,800 units), while public shares stand at 40.60% (5,359,200 units), reflecting an addition of approximately 1,320,000 units to public shareholders.
MERO closed at Rs. 716.00, indicating ongoing market activity and investor interest in the microfinance sector. Stay updated on these developments for potential investment opportunities and market insights.