16% Bonus Shares of Shikhar Insurance Company Listed in NEPSE

36,88,660 unit of bonus shares of Shikhar Insurance Company Limited (SICL) has been listed in NEPSE.

The company convened its AGM on 25th Magh and endorsed a 16.8421% dividend for the fiscal year 2078/79. The 287th meeting of the board of directors held on Mangsir 29 decided to distribute the dividend on the paid-up capital of Rs. 2.65 Arba. 16% bonus shares worth Rs 36.88 Crores and 0.8421% cash dividend (including bonus shares tax purposes) were proposed. The same bonus shares are now listed in NEPSE.

As of writing, SICL has an LTP of Rs. 734.20.