KATHMANDU, June 10: The 15th Annual General Meeting (AGM) of Nepal Life Insurance Company Limited (NLIC) has endorsed a proposal to distribute 60 percent bonus shares and 8 percent cash dividend to its shareholders.
Issuing a statement on Monday, the company said its paid-up capital will reach Rs 1.73 billion after distribution of bonus shares.
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Presenting annual report of the company, NLIC Chairman Ramesh Gupta said the company has been able to increase its market share to 41 percent.
He also informed that the company is looking forward to invest in productive and government-prioritized areas in the coming days.
