Sun Nepal Life Insurance Company Limited (SNLI) plans to distribute a dividend of 25.0526% and offer 27% right shares for the fiscal year 2079/80. Following their 99th Board of Directors meeting on Falgun 11, they’ve decided on a 23.8% bonus share valued at Rs. 76.16 crores and a 1.2526% cash dividend worth Rs. 4.00 Crore (including tax). Additionally, the company aims to issue 27% right shares after accounting for the allocation of 23.8% bonus shares from the current paid-up capital of Rs. 3.20 Arba. This adjustment will raise the paid-up capital to Rs. 3.96 Crores after incorporating the bonus shares.
Highlights:
- National Life Insurance Company Approves Bonus Shares and Cash Dividend in 35th AGM
- Sun Nepal Life Insurance to Hold 7th AGM, Declares Dividend and Bonus Shares
- Sun Nepal Life Insurance Announces Right Shares Issue
- Sanima Reliance Life Insurance Proposes 18.38% Dividend for FY 2079/80
- Reliable Nepal Life Insurance Limited Proposes Inaugural Dividend of 16.84% for FY 2079/80