IME General Insurance proposes 5% bonus shares; Paid-up capital to reach Rs 1.02 arba after adjustment
Thu, May 23, 2019 4:33 PM on Dividend, Bonus & Rights, Latest, Stock Market,
IME General Insurance has proposed 5% bonus shares for its shareholders. The Board Meeting held on Jestha 09, 2076 decided to endorse the bonus from the profit of FY 2074/75. The shareholders, however, will have to pay the taxes themselves.
The company's paid-up capital is Rs 97.20 crore, which will reach Rs 1.02 arba after the adjustment of bonus dividend.
The proposal is still subject to approval from the company's Annual General Meeting (AGM) and Nepal Rastra Bank (NRB).
