KATHMANDU, March 30: Nepal Life Insurance Company Ltd (NLIC) has said that it will distribute 25 percent bonus shares and 1.13 percent cash dividend (for tax purpose) to its shareholders.
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NLIC AGM nod for 30% bonus shares
Issuing a statement, the life insurance company said that the meeting of its board of directors held on Tuesday decided to propose bonus shares to its shareholders from the net profit it earned in 2014/15.
The decision is, however, subject to approval of insurance market regulator Beema Samiti and the insurance company's upcoming annual general meeting.
