Last day to apply for 40% right issue of Jebils Finance

Aug 13, 2018 Merolagani

Today is the last day to apply for 40 percent right issue of Jebils Finance (JEFL). The company is issuing 40 percent right shares from June 24. The finance company is issuing 2,311,650 units of right shares worth Rs 231.16 million with the face value of Rs 100 to its existing shareholders.

Jebils Finance closed its book on June 6, thus, the shareholders registered in its book till June 5 will be eligible to apply for the right shares.

The company has appointed Sunrise Capital as its issue manager. The interested shareholders can apply for the right shares from Sunrise Capital at Kamalpokharai, Jebils Finance at Newroad, Kathmandu, branches of Sunrise Bank in Biratnagar, Pokhara, Birgunj, Butwal and Narayangadh along with all C-ASBA approved BFIs.

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

Presently, the company has a paid-up capital of Rs 577.9 million that will reach Rs 809.1 million after the right issue.

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