Central Finance AGM approves 22.5% bonus & merger with Bhaktapur Finance

Central Finance Limited (CFCL) has successfully conducted its 20^th Annual General Meeting (AGM) on Poush 7, 2073. The AGM has approved 22.5% bonus share to its shareholders from the net profit it earned in the FY 2072/73. Also the AGM has approved merger process of Central Finance and Bhaktapur Finance. After merger, the merged entity will be named as Central Finance Limited and it will have paid up capital of Rs 52.7 crore. In a press release, it stated that the company’s paid up capital will reach to Rs 30.22 crore after distribution of 22.5% bonus share. The finance company has collected Rs 1.93 arba in deposits and has floated loan of Rs 1.51 arba.