Synergy Finance announces 70% right shares; Paid up to reach Rs 80.64 crore

Synergy Finance Limited (SYFL) has announced right shares to its shareholders. As per the notice published in NEPSE today, SYFL’s board meeting held on Asoj 8, 2074 has announced 1:0.7 (70%) right shares to its shareholders. SYFL’s current paid up capital stands at Rs 47.44 crore. After issuance of 70% right shares, its paid up will reach to Rs 80.64 crore. Also, SYFL has approved the resignation of its chairman Mr. Jhapat Bahadur Bohara and directors Mr. Umesh Lal Shrestha, Mr. Chandralok Prasad Shrestha, Shashi Raj Bajracharya and Anubhav Dhwaju. It has earned Rs 18.11 crore in the fourth quarter of the FY 2073/74. Its LTP stood at Rs 141 as of September 24, 2017.