Jebil’s Finance announces further 40% right share; paid up to reach Rs 80.90 crore

Jebil’s Finance Limited (JEFL) has decided to issue further 40% right share to its shareholders in addition to the upcoming 100% right shares. Its upcoming 100% right shares is in SEBON pipeline for requesting approval. As per the notice published in NEPSE today, the 142^nd BOD meeting of the finance company held yesterday has decided to issue 40% right shares worth Rs 23.11 crore. As the deadline for national level finance companies to increase their paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74 is coming near, JEFL has chosen to increase its capital by the way of issuance of right shares. After the issuance of 100% right shares, it will float the 40% right shares—taking its paid up capital to Rs 80.90 crore from existing Rs 28.89 crore. JEFL has earned net profit of Rs 1.94 crore in the third quarter of the FY 2073/74. Its last traded price as of yesterday stood at Rs 261.