Gurans Life Insurance proposes 13.1015% bonus for FY 2074/75; Company to issue 100% right shares soon

Wed, Nov 6, 2019 10:59 AM on Dividend, Bonus & Rights, Latest,
Gurans Lif...

Gurans Life Insurance Company Limited (GLICL) has proposed 13.1015% dividend for the FY 2074/75.

As per the notice published in NEPSE, the life insurance company has proposed 13.1015% bonus shares worth Rs 12.29 crore and tax for bonus need to be paid by shareholders.

The decision is subject to approval from the Insurance Board and upcoming AGM of the life insurance company.

The existing paid up capital of Gurans Life Insurance is Rs 93.85 crore. The paid-up capital of the life insurance company will reach Rs 106.14 crore after the adjustment of bonus shares.

Gurans Life Insurance is in final stage to issue 100% right shares to its shareholders.

ICRA Nepal assigns Grade 4+ to 100% right shares for Gurans Life Insurance; Capital post adjustment reaches Rs 1.86 arba