Nepal Life Insurance concludes its 18th AGM; endorses bumper 70.53% dividend
Wed, Apr 11, 2018 11:33 AM on AGM/Special AGM, Corporate, Latest,
On the 18th AGM of Nepal Life Insurance held on Chaitra 28, 2074, the 42% bonus share for shareholders and Rs. 28.53 cash dividend (with tax) per share was approved.
After the distribution of bonus share, the paid-up capital of the company will be Rs. 4,39,69,28,684.
Similarly, the AGM has also approved the company’s authorized capital to be maintained at Rs 8 arba.
The chairman, on his welcome speech, stated that the company has been able to grab 33% of the market share in the review period. Similarly, the promoter and ordinary shareholders’ ownership structure has been changed to 60:40.
.jpg)
