NLIC AGM nod for 30% bonus shares

Published On: December 15, 2016 10:57 PM NPT By: Republica  | @RepublicaNepal

KATHMADNU, Dec 15: The 28th annual general meeting (AGM) of Nepal Life Insurance Company (NLIC) has approved a proposal to distribute 30 percent bonus shares and 1.58 percent cash dividend to its shareholders from its profits of Fiscal Year 2015/16. Issuing a statement,

NLIC said its paid-up capital would reach Rs 1.32 million after the allocation of said bonus shares. It added that after a planned 1:1 rights issue, its paid-up capital would reach Rs 2.64 billion.

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