Jebil’s & Arun Finance 100% right share each in SEBON pipeline

Jebil’s Finance Limited (JEFL) and Arun Finance Limited (ARUN) have been added in Securities Board of Nepal (SEBON) pipeline to seek approval for the issuance of right shares in the ratio 1:1 (100%). Jebil’s Finance is seeking approval to issue 28.89 lakh units right shares worth Rs 28.89 crore to its existing shareholders at a face value of Rs 100 per share. Likewise, Arun Finance is seeking approval to issue 15 lakh units right shares worth Rs 15 crore to its existing shareholders at a face value of Rs 100 per share. NCM Merchant Banking Limited has been appointed as the issue manager for the right share of Jebil’s Finance while Global IME Capital Limited has been appointed as the issue manager for the right share of Arun Finance. Jebil’s  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. Arun Finance Limited has posted net loss of Rs 10.41 lakh in the first quarter of the fiscal year 2073/74. Its paid up capital remains at Rs 15 crore. After the issuance of 100% right share, its paid up capital will reach Rs 30 crore.