Sebon approves 50% right share of Guheswori Merchant Banking & Finance

Securities Board of Nepal (SEBON) has given final approval to issue 2:1 (50%) right shares of Guheswori Merchant Banking & Finance Limited (GMFIL). NIBL Capital Markets Limited has been assigned as the issue manager for right share issue. Guheswori Merchant SGM held on Baisakh 2, 2073 had approved 50% right share i.e. 1,468,697 units to its existing shareholders. 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 stood at Rs 398 as on August 15, 2016. click here to view news of Civil Bank