NLICL starts distributing 55% bonus share and 17.5% cash
Fri, Jun 20, 2014 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, June 20:
National Life Insurance Company Limited (NLICL), which held its Annual General Meeting last week, has started distributing 72.5 percent dividend – 55 percent bonus share and 17.5 percent cash – to the shareholders from the net profit it posted in the last fiscal year 2069/70.
The life insurer has stated that the dividends can be collected from its central office at Narayanchaur, Naxal in Kathmandu from 10:30 AM to 3:00 PM all through the week days.
After distribution of the dividend, NLICL’s paid-up capital will shore up to Rs 77.5 crore, up from the current Rs 50 crore.
The 26th AGM of NLICL held at its newly constructed building at Lazimpat had also endorse a special proposal to raise its authorized capital to Rs 2 arba.
Once NLICL’s Board of Directors decided to pledge 72.5 percent dividend back in April, the company’s shares has witnessed a high turnover at the stock exchange.
