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Mero Microfinance and HIDCL Enter DEMAT System

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 Mero Microfinance and HIDCL Enter DEMAT System
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June 22: Hydroelectricity Investment and Development Company Limited (HIDCL) and Mero Microfinance have signed an agreement with CDS and Clearing Limited for the dematerialisation of the shares of respective companies. Dev Prakash Gupta, CEO of CDS and Deepak Rauniyar, CEO of HIDCL signed the deal amid a program organised on June 21 in Capital. Likewise, Ram Hari Dahal, CEO of  Mero Microfinance and CDS CEO Gupta also have signed an agreement last week.

According to the agreement, HIDCL has registered 100 million units of shares for dematerialisation at the face value of Rs 100 per share. Similarly, Mero Microfinance has registered 2 million units of shares at the price of Rs 100. With HIDCL and Mero Microfinance Bittiya Sanstha in the row, the number of companies to register in CDSC for dematerialization has reached to 201. 

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