SEBON approves to issue 200% & 100% right shares of RSDC Laghubitta & Jebils finance respectively

Securities Board of Nepal (SEBON) have provided final approval to RSDC Laghubitta Bittiya Sanstha Limited (RSDC) and Jebils Finance Limited (JEFL) for the issuance of right shares in the ratio 1:2 (200%) and 1:1 (100%) respectively. RSDC Laghubitta is seeking approval to issue 2,300,000 units shares at a face value of Rs 100 per share. NIBL Capital Markets Limited has been appointed as the issue manager. RSDC Laghubitta’s 3^rd AGM held on Chaitra 12, 2073 had endorsed 15% bonus share to its shareholders from the profits it earned in the FY 2072/73 and issuance of 200% right shares to its shareholders to increase its paid up capital to Rs 60 crore by Asadh 2075. RSDC Laghubitta  has earned net profit of Rs 1.56 crore in the third quarter of the FY 2073/74. Its paid up capital currently stands at Rs 11.50 crore. After the issuance of 200% right share, its paid up capital will reach Rs 34.5 crore. Likewise, Jebils Finance is seeking approval to issue 28.89 lakh units right shares worth Rs 28.89 crore to its existing shareholders at a face value of Rs 100 per share. NCM Merchant Banking Limited has been appointed as the issue manager for the right share. JEFL’s 7^th AGM held on Poush 27, 2073 had endorsed the agenda to issue further 1:1 right shares and 12.50% bonus shares to its shareholders. It has paid up capital of Rs 25.68 crore. After distribution of 12.50% bonus and 100% right share, its paid up capital will rise to Rs 57.78 crore.