Class C license to Reliance Finance Company

Nepal Rastra Bank provided class C license to Reliance Finance Company. The company, which will be in 84th position among financial institutions, has Rs 250 million authorized capital, 200 million issued capital and Rs 140 million paid-up capital. It will have 70 per cent promoters' shares from various sectors industrial, educational and others ¿ and 30 per cent ordinary shares. The company plans to establish its office in BJ Building at Bhrikutimandap here.

Source:
THT