Jebils Finance appoints NCM Merchant Banking as issue manager for 100% right

Jebils Finance Limited (JEFL) has appointed NCM Merchant Banking Limited as the issue manager for its upcoming 100% right shares. Mr. Laxmi Lal Nakarmi, CEO of the finance company and Mr. Bijay Lal Shrestha, CEO of NCM Merchant Banking signed the agreement today. JEFL will be issuing 28,89,562.50 units shares in the face value of Rs 100 per share to its shareholders in the ratio 1:1. Its 7^th AGM held on Poush 27, 2073 had endorsed the agenda to issue further 1:1 right shares and 12.50% bonus shares to its shareholders. It has paid up capital of Rs 25.68 crore. After distribution of 12.50% bonus and 100% right share, its paid up capital will rise to Rs 57.78 crore.