Nepal Insurance decided to provide dividends

Insurance
KATHMANDU
Nepal Insurance company has decided to provide 10% dividend . The board of directors meeting held on Thursday has decided to pay 8% bonus share and with 2% cash dividend for tax purposes from the profit of the fiscal year 2076/077. It will distribute a total of Rs 92 million 25 thousand 79 bonus share.

Similarly, Rs 23 million 6 thousand 270 will be spent in cash.Distribution will be started to the investors after the approval of the regulatory body and the next general meeting. Last year the company delivered 5% bonus share and 2.89% cash dividend. At present, the paid up capital of Nepal Insurance is rs 1.15 billion. after the bonus distribution the paid up capital will reach 1.24 billion.
Published Date : January 21, 2021

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