Siddhartha & Prudential Insurance declare 20% bonus each; Saptakoshi Dev Bank proposes 4.78% bonus share

Siddhartha Insurance Limited (SIL) and Prudential Insurance Company Limited (PICL) have proposed 20% bonus share each from the profits of FY 2073/74. SIL has proposed the said bonus on its current paid up capital of Rs 53.45 crore including its recently floated 19.23% right share. After issuance of 20% bonus share, its paid up capital will reach Rs 64.15 crore. PICL has also proposed the said bonus on its current paid up capital of Rs 42.76 crore. After 20% bonus, its paid up capital will reach Rs 51.31 crore. Prudential Insurance is currently seeking approval from SEBON to issue 1,283,040 unit right shares in the ratio 10:3 on its current paid up capital of Rs 42.76 crore. Both SIL and PICL have also declared 1.05% cash dividend for tax purpose. Both non-life insurance companies have to increase their paid up capital to a minimum of Rs 1 arba by the end of FY 2074/75 as per Insurance Board’s requirement. Saptakoshi declares 4.78% bonus share Likewise, Saptakoshi Development Bank Limited (SKDBL) has proposed 4.78% bonus share. The bank’s BOD meeting held on Ashwin 6, 2074 has declared 11% bonus on its paid up capital of Rs 21.10 crore (before 130% right share) along with cash dividend of Rs 12.21 lakh (for tax purpose). This amounts to just 4.782% bonus share on its paid up capital after 130% right share. Its  paid up capital after recently floated right share will reach Rs 48.53 crore, and after bonus, its paid up capital will reach Rs 50.85 crore.