Best Finance and Synergy Finance Starts Joint Transaction

Aug 02, 2018 Merolagani

Best Finance (BFC) and Synergy Finance has started joint transaction after acquisition of the latter from August 2.

The merged entity has a paid-up capital of Rs 890.5 million.

Nepal Rastra Bank (NRB) okayed the acquisition of Synergy Finance by Best Finance on July 2.

The joint entity will be called Best Finance Company Ltd, headquartered at the corporate office of Synergy Finance at Kamaladi.

Both companies had shut down all banking transaction on August 1 for integrating data in banking software.

The acquisition proposal was endorsed by AGMs of both companies on April 7.

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