March 28: Nepal Life Insurance Company (NLIC) is distributing 26.31 percent bonus shares (with tax) to its shareholders. The 17th annual general meeting of the company held on Birgunj on March 27 endorsed a proposal of distributing the bonus share. In the meeting, NLIC said that the shareholders who invested in further public offering are also entitled to the bonus share.
According to the company, the paid-up capital of the company will reach to Rs 3.09 billion after the distribution of bonus share. The paid-up capital is the highest among the insurance companies, claimed NLIC. In the AGM, Ramesh Gupta, Chairman of the company presented annual report and other financial reports of the company.
