22,00,000 Bonus Shares of Jyoti Life Insurance (JLI) Now Listed in NEPSE

10% bonus shares of Jyoti Life Insurance Company Limited (JLI) are now listed in NEPSE. This equates to 22,00,000 shares.

The 4th AGM of the company held on 6th Falgun endorsed 10.5263% dividend for the fiscal year 2076/77. The board of directors had decided to distribute the dividend from the existing paid-up capital of Rs. 2.2 Arba. 10% bonus shares and 0.5263% cash dividend was proposed. The bonus shares are worth Rs. 22 crores and the cash dividend is worth Rs. 1.15 crores. The cash dividend is proposed for tax on bonus shares. The same bonus shares are now listed in NEPSE.

Magh 24 was the book closure date. Thus, shareholders maintained till today are entitled to the dividend payout. JLI closed at Rs. 496 yesterday.