Prabhu Insurance Ltd. (PRIN) has listed 653,658.07 unit bonus shares on the Nepal Stock Exchange (NEPSE). This move follows the company’s 28th Annual General Meeting (AGM) held on 20th Baishakh, where a 5% dividend for the fiscal year 2079/80 was endorsed.
During the 433rd board of directors meeting on Falgun 20, the decision was made to distribute the dividend based on the paid-up capital of Rs. 1.37 Arba. The distribution includes 4.75% bonus shares, valued at Rs. 6.53 crores, and a 0.25% cash dividend for tax purposes, amounting to slightly over Rs. 34.40 lakhs. These bonus shares are now officially listed on NEPSE.
As of now, Prabhu Insurance Ltd. (PRIN) has a last trading price (LTP) of Rs. 1,018.