Nepal Insurance proposed 7.5% bonus for its shareholders; Paid-up capital to reach Rs 1.09 arba

Nepal Insurance Company Limited (NICL)’s 28th board meeting has proposed 7.5% bonus shares and cash dividend worth Rs 40.22 lakh for tax purpose to its shareholders.

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 Annual General Meeting (AGM) of the company and Beema Samitee.

The current paid-up capital of NICL is Rs 1.01 arba and after the bonus adjustment, the new capital will be Rs 1.09 arba.