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July 12, 2016 08:10 PM NPT
By: Republica
Sagarmatha Insurance to give 23.75% bonus shares
KATHMANDU, July 12: Sagarmatha Insurance Company Ltd has decided to distribute 23.75 percent bonus shares and 1.25 percent cash dividend (for tax purpose) to its shareholders.
Issuing a statement, the non-life insurer said that its 19th AGM held on Tuesday approved the proposal to distribute dividend for raising its paid-up capital.
According to the statement, the company collected Rs 1.9 billion in insurance premium in the current fiscal year as of Monday.
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