Jebil's Finance 40% right share approved by SEBON

Securities Board of Nepal (SEBON) has provided final approval to Jebils Finance Limited (JEFL) for the issuance of 40% right shares.

JEFL had applied to SEBON on Poush 3, 2074 for the issuance of 23.11 lakh number of equity shares of face value of Rs.100 each at par aggregating Rs. 23.11 crore in the ratio 10:4 and it received approval for the same yesterday.

Sunrise Capital Limited has been assigned as the issue manager.

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

JEFL had earned Rs 25.08 lakh till the end of Q2 of the fiscal year 2074/75. Its paid up capital will reach to Rs 80.91 crore from existing Rs 57.79 crore after adjustment of 40% right shares.