Jebil's Finance to issue 40% right share to its shareholders from today; Issue closes on Shrawan 13

Jebil's Finance Limited (JEFL) will be issuing 40% right shares to its existing shareholders from today i.e. Ashadh 10, 2075. The rights issue will close on Shrawan 13, 2075. Jebils finance will be issuing a total of 23, 11,650 unit right shares at the face value of Rs 100.

The finance company had closed the shareholders register book on Jestha 23, 2075 i.e. the shareholders holding shares till Jestha 22 will be eligible for the 10:4 right shares.

The current paid-up capital of Rs 57.79 crore will reach Rs 80.91 crore after the adjustment of 40% right share.

Sunrise Capital Limited has been appointed as the issue manager for the right share issuance. Interested shareholders can collect the application forms from Sunrise Capital Limited and all ASBA-approved members’ banks and financial institutions.

CARE Ratings Nepal had assigned “Grade 4” ratings to the right share issuance indicating below average fundamentals.

Its LTP stands at Rs 102 as on Ashadh 6, 2075.