Life Insurance Corporation announces massive 70% dividend; company to meet regulatory paid-up requirement after bonus
Wed, May 29, 2019 6:56 AM on Dividend, Bonus & Rights, Stock Market,
Life Insurance Corporation (Nepal) Limited (LICN) 99th Board Meeting has proposed 70% dividend including 34.4626% bonus and 35.5373% cash dividend. The existing paid up capital of the company is Rs 1.49 arba.
The company has informed about the implementation of above mentioned offers only after the approval of the financial description of the company’s FY 2074/75 from the 17th Annual General Meeting (AGM) of the company and Beema Samiti.
The current paid-up capital of LICN is Rs 1.49 arba and after the bonus adjustment, the new capital will be Rs 2.01 arba.
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