Jebils Finance’s 40% right share added in SEBON pipeline

Jebils Finance Limited (JEFL) has been added in Securities Board of Nepal (SEBON) right share pipeline to request approval for the issuance of right shares in the ratio 1:0.4 (40%). It will be issuing 40% right shares i.e. 23,11,650 units of worth Rs 23.11 crore to its shareholders. The finance company’s SGM held on Ashad 23, 2074 had approved to issue 40% right share to its shareholders. Sunrise Capital Limited has been assigned as the issue manager. Its paid up capital will reach to Rs 80.91 crore from existing Rs 57.79 crore after adjustment of 40% right shares. It had posted net loss of Rs 25.71 lakh in the first quarter of the FY 2074/75. Its LTP stood at Rs 133 as of last trading day.