Central Finance to issue 50% right shares; paid up to reach Rs 79 crore

Central Finance Limited (CFCL) has decided to issue 50% right shares to its shareholders. As per the notice published in NEPSE today, the BOD meeting of the company held on Baisakh 22, 2074 has decided to proposed 50% right share to its shareholders. After its merger with Bhaktapur Finance, its paid up capital has reached Rs 52.66 crore. After the issuance of proposed 50% right shares, its paid up capital will reach around Rs 79 crore. As a national level finance company, it has to increase its paid up capital to a minimum of Rs 80 crore by the end of current FY 2073/74. CFCL had started joint operation after merger with Bhaktapur Finance from Chaitra 10, 2073 with the name Central Finance Limited. Its trading has not resumed in NEPSE after the merger. Till the end of second quarter this year, it has earned net profit of Rs 2.15 crore.