Last day to apply for 40% right shares of Jebils Finance; Paid-up capital to reach Rs 80.91 crore after adjustment

Today is the last day to apply for the 40% right shares of Jebils Finance Limited (JEFL).

The finance company issued 40% right shares to its existing shareholders from Ashadh 10, 2075. The previous closing date for rights issue was on Shrawan 13, 2075. Jebils finance is 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.