Bonus Shares of These Two Companies Now Deposited to Demat Accounts

NLG Insurance Company Limited (NLG) has distributed 10% bonus shares directly to Demat accounts of its shareholders.

The company's latest AGM endorsed the dividend for the fiscal year 2077/78: 10% bonus shares and 0.5263% cash dividend. The bonus shares are worth Rs. 12.06 crores and the cash dividend is worth Rs. 63.47 lakhs. This is the company's first-ever dividend after being listed in NEPSE.

The same bonus shares are now deposited to Demat accounts

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Similarly, Nepal Re-Insurance Company Limited (NRIC) has distributed a 16.5% bonus share to Demat accounts of its shareholders.

Nepal Re-Insurance Company convened its 6th AGM for the FY 2077-78. Apart from the regular financial reports, the meeting of the board of directors held on Ashad 07 had decided to distribute 16.5% bonus shares and 2.5% cash dividend for the fiscal year 2076/77. The same bonus shares are now deposited to Demat accounts. Note that these shares are listed in NEPSE.

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Additionally, both the companies have urged their shareholders to dematerialize their shares in order to receive the dividend.