Guheswori Merchant Banking & Finance 50% Right Share book closure on Bhadra 19; LTP stood Rs 456

Guheswori Merchant Banking and Finance limited (GMFIL) SGM held on Baisakh 2, 2073 had approved 2:1 (50%) right share to its existing shareholders and now the bank has published the book closure date for the same. As per the notice published by the bank today, the book closure date for 50% right issue has been set for Bhadra 19, 2073. Only the shares registered one day ahead of the book closure date i.e. Bhadra 16, 2073 will be eligible for the right shares. Guheswori Merchant will be issuing a total of 293,739,400 unit right shares at the face value of Rs 100. NIBL Capital Markets Limited has been assigned as the issue manager for right share issue. GMFIL has earned net profit of Rs 7 crore in the fourth quarter of the current fiscal year 2072/73. It’s paid up capital remains at Rs 29.37 crore. After issuance of 50 percent right share, the paid up capital will reach Rs 44.06 crore. Its last traded price (LTP) stood at Rs 456 as on August 21, 2016