Last day to clinch 40% right share of Jebils Finance, book closure tomorrow; LTP stands at Rs 110

Jebils Finance Limited (JEFL) has announced book closure date for issuance of 40% right shares.

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

Sunrise Capital Limited has been appointed as the issue manager for the right share issuance.

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

The finance company’s SGM held on Ashad 23, 2074 had approved to issue 40% right share to its shareholders.

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