NLG Insurance offers 20 percent bonus shares

ShareSansar, July 5

NLG Insurance Company has offered 20 percent bonus shares to its shareholders from the profit earned for the FY 2068/69. The proposal in this regard was approved by the shareholders at the 7th AGM of the company held today.

After paying out the dividends, the companies paid up capital would reach Rs 27 crore. The company collected total Rs 61 crore 21 lakh in insurance fees during the current FY. The company earned a profit of Rs 12 crore 72 lakh, a rise of 20 percent compared to the last year.

The AGM also elected to 2 Board of Directors each from the shareholder Group A and Group C.

NLG has 23 branches across the country.

Apart from other general categories, the company has been providing insurance services on aircraft as well as livestock.

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