Lumbini General Insurance proposes 10.23% dividend for its shareholders; Capital to reach Rs 96 crore
Mon, Jan 27, 2020 11:12 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Lumbini General Insurance (LGIL) has proposed 10.2375% dividend for its shareholders from the profit of FY 2075/76.
The board meeting held on Magh 12, 2076 has decided to propose 9.75% bonus shares worth Rs 8.58 crore and cash dividend of 0.4875% worth Rs 42.90 lakh for tax purposes.
The proposal is subject to approval from Beema Samiti and the upcoming AGM of the company.
The current paid-up capital of the company stands at Rs 88 crore, which after adjustment of bonus will reach Rs 96.58 crore. Also, the company has recently closed issuance of 20% right share of worth Rs 17.60 crore. After which the total capital would be Rs 114.18 crore.
The dividend history of LGIL is:
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