Sanima Reliance Life Insurance Limited (SRLI) has announced a 18.3811% dividend for the fiscal year 2079/80. During the 30th meeting of the company’s Board of Directors on Bhadra 30, it was decided to distribute the dividend in the form of 18.3811% bonus shares, based on the company’s paid-up capital of Rs. 4.18 Arba.
The proposed dividend is subject to approval by the Nepal Insurance Authority and will be finalized after endorsement at the company’s upcoming Annual General Meeting (AGM). As of now, SRLI has a last traded price (LTP) of Rs. 552.00. Notably, this will be the company’s first dividend distribution.
Highlights:
- Sanima Reliance Life Insurance Announces 7th AGM and 18.38% Dividend
- National Life Insurance Company Approves Bonus Shares and Cash Dividend in 35th AGM
- Asian Life Insurance Plans 42% Right Shares Post Bonus Adjustment for Capital Needs
- Sun Nepal Life Insurance Proposes Dividend and Right Shares
- Sanima Reliance Life Insurance’s Q2 Net Profit Surges 96.48%; Life Insurance Fund at Rs. 12.69 Cr