📈 Mercantile Investments Rights Issue Oversubscribed

Mercantile Investments and Finance PLC has successfully concluded its Rights Issue, which closed oversubscribed, reflecting strong investor confidence in the financial services sector. • Overall Figures: The company raised approximately Rs. 1.11 Bn, slightly exceeding its initial target of Rs. 1.102 Bn. • Subscription Details: Applications were received for 33.56 million ordinary voting shares, surpassing the original issue size of 33.4 million shares. • Pricing: The rights issue was priced at Rs. 33 per share. _Note: Based on official company announcements._