Last day to clinch 12.5% bonus shares of Prime Life Insurance; LTP at Rs 637

Today is the last day to clinch dividend of Prime Life Insurance Company Limited (PLIC). PLIC had announced 12.5% bonus shares and 0.65% cash dividend (for tax) to its shareholders from the net profit of FY 2073/74. The book closure date for the AGM has been set on Falgun 30, 2074. Thus, shareholders owning their shares one day ahead of the book closure i.e. till today (Falgun 29, 2074) are entitled for proposed dividends and for participation in the AGM. PLIC will be conducting its 11^thAnnual General Meeting (AGM) on Chaitra 14, 2074. The AGM is going to be held at Agrawal Bhawan, Kamalpokhari, Kathmandu at 2:00 PM. PLIC’s current paid up capital stands at Rs 61.02 crore with reserve of Rs 93.41 crore. PLIC has been issuing 97,63,200 units right shares in the ratio of 1:1.6 (160%) at face value of Rs 100 per share to its shareholders from Falgun 27, 2074. Its paid-up capital will reach to Rs 1.78 arba after 160% right share and 12.50% bonus shares adjustment from existing Rs 61.02 crore. To meet the capital requirement of Rs 2 arba till the end of Ashad 2075, it should further hike its capital by Rs 22 crore (around 12 %). PLIC has earned Rs 11.51 crore in the second quarter of the FY 2074/75. Its LTP stood at Rs 637 as of last trading day.a