Book Closure for 60% Right Share of Goodwill Finance on Ashad 2 ; LTP at Rs 315

Goodwill Finance Limited (GFCL) has set book closure date for its 1:0.6 (60%) right shares. As per the notice published in NEPSE today, the finance company has decided to close the register of their shareholders on Ashad 2, 2074 for the purpose of issuing right share. Only those shareholders that having shares traded ahead of the book closure date will be eligible to apply for the right shares. SEBON had provided  approval for the issuance of right shares on Baisakh 21, 2074. NIBL Capital Markets Limited has been assigned as the issue manager for right share issue. Goodwill Finance 22^nd AGM held on Ashwin 20, 2073 had endorsed 1:0.6 right share i.e. 2722500 units to its existing shareholders. Goodwill Finance had earned net profit of Rs 58.66 crore in the third quarter of the fiscal year 2073/74 as per its unaudited report. Its paid up capital stands at Rs 45.37 crore and after the issuance of 60% right share, the paid up capital will rise to Rs 72.60 crore. To meet up with NRB’s minimum paid up capital requirement of Rs 80 crore, GFCL should issue a further capital hike of around 10.20%. Its last traded price (LTP) stood at Rs 315 as on June 6, 2017.