Sunday May 24, 2026
Sunday May 24, 2026
Saturday, 23 May 2026 05:36 - - {{hitsCtrl.values.hits}}
Mercantile Investments and Finance PLC said its Rs. 1.1 b Rights Issue has been oversubscribed, with applications exceeding the number of shares initially offered.
The company said it received subscriptions and additional applications for 33.56 million ordinary voting shares, compared with the original issue size of 33.4 million shares. The total value of applications received amounted to approximately Rs. 1.11 b.
The company had earlier announced plans to raise Rs. 1.102 b through a Rights Issue priced at Rs. 33 per share.
