NRB approves dividend decision of Jebils Finance Limited; paid up capital of the finance company to reach Rs.84.80 Crore

Mon, Apr 8, 2019 12:48 PM on Dividend, Bonus & Rights, Latest, NEPSE News,

Nepal Stock Exchange Limited (NEPSE) has published a circular regarding the approval of dividend of Jebils Finance Limited (JEFL) by Nepal Rastra Bank (NRB).

The 187th BOD meeting of the finance company had approved the distribution of 1.74% bonus shares worth Rs.10,032,561 for the shareholders from the profits of FY 74/75 and cash dividend worth Rs.528,029 (only for tax purpose).

This decision has been approved by NRB.

The paid-up capital of the company was Rs.57.79 Crore as of Asadh end 2075. After that, the company had issued 40% right shares, increasing the capital to Rs.80.90 Crore. The proposed bonus of 1.24% is calculated as a percentage of the current paid-up capital of Rs.80.90 Crore.

Earlier, JEFL had proposed 10% bonus shares of Rs.2.88 Crore on its 160th BOD meeting held on 29th Poush, 2074. Then the finance company paid up capital was Rs.28.89 Crore. Later the company had issued 100% right share to make its capital to Rs.57.79 Crore and again 40% right share to make its paid up capital to Rs.80.90 Crore now.

Thus, after the adjustment of both FY bonus share, the paid-up capital of JEFL will reach Rs.84.80 Crore.

Also, Nepal Investment Bank Limited (NIB) and Jebils Finance Limited (JEFL) had signed a memorandum of understanding (MoU) on Falgun 26, 2075 for the acquisition of JEFL by NIB.