Prime Life Insurance convenes SGM endorsing 12.50% bonus shares; finally manages to pull up the paid up capital to Rs 2 arba

Wed, Sep 25, 2019 10:56 PM on AGM/Special AGM, Latest,

Prime Life Insurance has endorsed 12.50% bonus shares to its shareholders from the SGM held on Aswin 7, 2076 thereby scaling up the paid up capital from existing Rs 1.78 arba to Rs 2 arba as regulatory requirement. The SGM also endorsed Rs 1.32 crore as cash dividend that shall be used to pay tax for the proposed bonus shares.

PLIC currently has 140 branches and sub-branches in all seven provinces of the nation and is selling 16 different types of insurance policies.