IME General Insurance proposes 6% bonus shares; Adjusted paid-up capital to reach Rs 1.08 arba
Sun, Dec 15, 2019 11:14 AM on Dividend, Bonus & Rights, Latest, Stock Market,
IME General Insurance (IGI) has proposed 6% dividend for its shareholders from the profit of FY 2075/76.
The 85th Board Meeting held on Mangsir 27, 2076 has decided to propose the following dividend:
Current paid-up capital: Rs 1.02 arba
Bonus shares: 6% worth Rs 6.12 crore
Cash dividend: Rs 32.22 lakh for tax purpose
Paid-up capital after adjustment: Rs 1.08 arba
The proposal is subject to approval from Nepal Rastra Bank and the upcoming 22nd AGM of the company.
IGI had distributed 5% bonus shares during the last fiscal year.
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