Life Insurance Corporation Nepal proposes 24.80% bonus share; Paid up capital to reach Rs 1.33 arba

Life Insurance Corporation Nepal Limited (LICN) has proposed 24.80% stock dividend to its shareholders from the profit it earned from the FY 2072/73. The decision is subject to approval from Beema Samiti and the company’s upcoming AGM. As per a press statement issued by the life insurance company, the Board of Directors of Life Insurance Corporation (Nepal) Limited in its 85^th Board meeting held on 1^st March 2017 has decided to distribute 24.80% bonus share and 1.30526% cash dividend (for tax purpose) on paid up capital of Rs. 1, 06, 94, 53,125/- from profits of fiscal year 2072/73. After the issuance of bonus shares, its paid up capital will reach Rs 1.33 arba. Its last traded price stood at Rs 2,060 as of March 1, 2017.