Monday, December 2, 2013

Narayani National 12.63% cash dividend, Reliance finance offers 8% cash dividend

Narayani National and Reliance finance companies have announced their Annual General Meetings to distribute dividends, inter alias.

Narayani National finance is holding its 21st AGM on December 17 at Lainchaur in Kathmandu.

The AGM is expected to endorse 12.63 percent cash dividend from the net profit the finance companies posted in the last fiscal year 2069/70.

It is also expected to press the BoD to explore possibility of merger with other BFIs.

Likewise, Reliable Finance Limited is holding its 4th Annual General Meeting at Trade Tower, Thapathali on December 27.

The AGM is scheduled to dole out 8 percent cash dividend to the shareholders.

It is also expected to finalize the merger with Lotus Investment Finance Limited at a swap ratio of 1:1 and to rename the merged finance company as “Reliance Lotus Finance Limited”.
 -sharesansar

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