United Insurance declares 10% bonus & 100% right share; Paid up to reach Rs 66.52 crore

United Insurance Company (Nepal) Limited has decided to distribute 10 percent bonus and 100 percent right share to its shareholders. As per the notice published in NEPSE today, the BOD meeting held on Baisakh 8, 2074 has decided to propose 10% stock dividend and cash dividend worth Rs.15,91,578.95 (for tax purpose) along with right share after the bonus share in the ratio of 1:1 to its shareholders. The decision is subjected to approval from Insurance Board and the company’s upcoming Annual General Meeting (AGM). Earlier, UIC had distributed 20% bonus share to its shareholders in the FY 2071/72. United Insurance had earned net profit of Rs 3.92 crore in the second quarter of the current fiscal year 2073/74 as per unaudited report. Its paid up capital remains at Rs 30.24 crore. After distributing 10 percent bonus share and 100% right share it’s paid up capital will reach to Rs 66.52 crore.