Trading of Central Finance resumes after merger with Bhaktapur Finance; price adjusted to Rs 175 for 22.5% bonus share

Trading of Central Finance Company Limited (CFCL) has been resumed in Nepal Stock Exchange (NEPSE) from today after successful merger with Bhaktapur Finance. Their joint operation had resumed from Chaitra 10, 2073 with the name of “Central Finance Company Limited”. Likewise, its price has been adjusted to Rs 175 after it distributed 22.50% bonus share for the FY 2072/73. Its Special General Meeting (SGM) going to be held tomorrow (Asadh 2, 2074) which will be endorsing further 50% right share to its shareholders. 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. Till the end of third quarter in the FY 2073/74, it has earned net profit of Rs 5.87 crore.