Annapurna Finance Company's 10% bonus shares

Annapurna Finance Company (AFC) is issuing bonus shares in the ratio of 10:1. The decision was made during the 16th annual general meeting (AGM) of the company held here on Saturday. AFC, which got a letter of praise from Nepal Rastra Bank, has nine branches at different places. AFC chief executive officer Krishnaraj Lamichhane work is on for opening branches in Kathmandu's Chabahil, Samakhusi and Kalanki. After the company issued rights shares in the ratio of 1.6:1, its paid-up capital reached Rs 70.7 million.

Source: 
THT