Shares Listed: 5.25% Bonus Shares of Gurans Life Insurance Company Limited (GLICL)

9,85,446 unit bonus shares of Gurans Life Insurance Company Limited (GLICL) are now listed in NEPSE. This is the bonus shares distributed as a dividend for FY 2074/75. The company had proposed a 5.25% bonus shares as a dividend for the fiscal year 2074/75.

It should be noted that Gurans Life Insurance Company Limited had previously proposed a 10.5% bonus shares as a dividend for the fiscal year 2074/75. However, the company did not organize its AGM and issued 100% right shares to its shareholders instead. The paid-up capital increased to double its value from 93.85 crores to 1.87 Arba.

Hence, to keep the same amount of the dividend as bonus shares, the company has amended its dividend to 5.25%. Note that this is half the dividend percentage of the previously proposed 10.5%. This is done to compensate for the doubling of the paid-up capital. Needless to say, investors will get the same monetary amount of bonus shares.

The shares are tradable from tomorrow's session.