SEBON approves 60% right share of Goodwill Finance; paid up to reach Rs 72.60 crore

Securities Board of Nepal (SEBON) has provided approval to Goodwill Finance Limited (GFCL) for the issuance of 60% right shares. GFCL will now be issuing 27.22 lakh units shares to its shareholders, each to be floated at a par value of Rs 100 per share. NIBL Capital Markets Limited is the assigned issue manager for this right issue. Goodwill Finance had earned net profit of Rs 2.97 crore in the second 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%.