Jebils Finance to issue 100% right shares from Ashwin 1; Paid up capital to reach Rs 57.78 crore

Jebils Finance Limited (JEFL) will be issuing 1:1 (100%) right share to its shareholders from Ashwin 1, 2074. As per the notice published by the bank today, the rights issue will remain open for 35 days before closing on Kartik 5, 2074. The book closure date for the rights issue is set for today (Bhadra 14, 2074). Only those shares registered one trading day ahead of the book closure date i.e. Bhadra 12, 2074 are eligible to apply for the right shares. Jebils Finance will be issuing units 28.89 lakh unit right shares worth Rs 28.89 crore to its existing shareholders at a face value of Rs 100 per share. Sunrise Capital Limited has been appointed as its issue manager. Interested applicants can collect application forms from Sunrise Capital Limited, Kamalpokhari, Kathmandu and from designated branches of Jebils Finance Limited. JEFL’s 7^th AGM held on Poush 27, 2073 had endorsed the agenda to issue 1:1 right shares and 12.50% bonus shares to its shareholders. The finance company has earned Rs 3.62 crore profit in the fourth quarter in the fiscal year 2073/74. It has paid up capital of Rs 28.89 crore. After issuance of 100% right share, its paid up capital will rise to Rs 57.78 crore. Its LTP stood at Rs 238 as on August 28, 2017.