Reliance Finance proposes 12% bonus share ; LTP Rs 125

The 193rd Board meeting of Reliance finance held on 16th Baisakh, 2075 had proposed 12% bonus share along with cash for tax purpose, for the shareholders out of the net profit of fy 2073/74. 

The company had issued 45% right share recently who also will be eligible for the dividend. The company has also received an approval from the central bank for this. The decision is now subject to approval from the company's AGM. 

The finance company had a paid-up capital of Rs 74.32 crores which will now hike to Rs 83.24 crores. The bank will thus meet the paid-up capital requirement for finance companies. 

RLFL was last traded for Rs 125 in the stock exchange.