NLG Insurance Bonus Shares Listed on NEPSE: What Investors Need to Know
Good news for NLG Insurance Company Ltd. (NLG) shareholders! A total of 625,664 unit bonus shares have officially been listed on the Nepal Stock Exchange (NEPSE). This listing follows the company’s recent Annual General Meeting, providing NLG investors with increased liquidity and potential for stock market gains.
The company’s 19th Annual General Meeting, held on 29th Jestha, 2082, approved a 2.631579% dividend for the fiscal year 2080/81. This payout is comprised of 2.5% in bonus shares and a 0.131579% cash dividend (which includes applicable taxes). The decision to distribute this dividend was made during the 474th board of directors meeting held on Baishakh 26. Now, the bonus shares component of that dividend is available for trading on NEPSE.
This listing event is significant for both NLG shareholders and the overall Nepal Stock Exchange. It adds more NLG shares to the market, potentially impacting the NLG share price and trading volume. Investors who received the bonus shares can now choose to hold onto them, further increase their stake in NLG Insurance, or sell them to realize gains.
As of this writing, the Last Traded Price (LTP) of NLG shares is Rs. 733.00. This price point, combined with the newly listed bonus shares, presents an interesting opportunity for both current and prospective investors in the Nepalese stock market. Be sure to conduct thorough stock analysis and consult with a financial advisor before making any investment decisions related to NLG Insurance or any other Nepalese company. Keep an eye on the stock market trends to capitalize on any potential opportunities.
