Prudential Insurance declares 10% stock dividend; Paid up capital will reach Rs 35.64 cr

Prudential Insurance Company Limited (PICL) has decided to distribute 10 percent bonus share to its shareholders. The BOD Meeting of the company held on Chaitra 12,2072  has proposed 10 percent bonus share to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subjected to approval from Insurance Board and company’s upcoming Annual General Meeting (AGM). PICL has earned net profit of Rs 3.19 crore in the second quarter of the fiscal year 2072/73. It’s paid up capital remains at Rs 32.40 crore. After distributing 10 percent bonus share it’s paid up capital will reach to Rs. 35.64 crore.