7.75% Bonus Shares of Asian Life Insurance Company Listed in NEPSE

24,45,357.9 unit bonus shares of Asian Life Insurance Company Limited (ALICL) have been listed in NEPSE.

The company conducted its 16th AGM on 18th Falgun, 2080, and endorsed a 8.1578% dividend for the fiscal year 2079/80. The 188th meeting of the board of directors held on Magh 12 has decided to distribute 7.75% bonus shares and a 0.4078% cash dividend (for tax purposes). The bonus shares were worth Rs. 24.45 crores and the cash dividend was worth a little over Rs. 1.28 crores. 

The same bonus shares are now listed in NEPSE.

As of writing, ALICL has an LTP of Rs. 550.00.