Premier Insurance convenes 25th AGM; endorses whopping 84% bonus shares to shareholders

Wed, Jul 17, 2019 6:28 AM on AGM/Special AGM, Corporate, Latest,

Premier Insurance Company Nepal has convened its 25th AGM on Ashad 31, 2076. The insurance company had earned insurance premium of Rs 1.55 arba in the previous fiscal year and had made profit of Rs 9.31 crore during the review period.

The AGM has decided to issue bonus shares of 84% of its present paid up capital of Rs 58.40 crore. After the capitalization of bonus shares, the paid up capital will scale up to Rs 1.07 arba.