Jebil's Finance is being acquired by Nepal Investment Bank (NIB). The financial institutions signed an agreement regarding the matter on March 10.
Although the auctioned shares went unsold in the previous auction, there is a good chance of them being sold this times following the acquisition agreement with Nepal Investment Bank. Investors who acquire the promoter shares of Jebil's Finance will become a promoter of Nepal Investment Bank in the near future.
The interested bidders can bid for the shares from Sunrise Capital at Kamalpokhari-Kathmandu till March 27. The bidders can bid for a minimum of 1000 units and a maximum of all shares under NRB limit at a minimum price of Rs 100.
Presently, the company has a paid-up capital of Rs 738.2 million that will reach Rs 809.1 million after the capitalization of the right issue.
