Himalayan Life Insurance Proposes 14 Percent Bonus Share
January 19, 2025 | Investopaper
Himalayan Life Insurance Company Limited (ULI) has proposed a dividend to the shareholders. The dividend announcement is from the fiscal year 2079/80.
The board meeting of the insurance held on Magh 4, 2081 BS has proposed a 14 percent dividend. The total dividend will be in the form of bonus shares. Shareholders will have to pay the tax for the proposed bonus shares.
The dividend is subject to approval from Nepal Insurance Board and the upcoming annual general meeting of the insurance.
As of Ashad’s end 2081 BS, Union Life Insurance has a paid-up capital of Rs 8.02 Arba. After the issue of the bonus share, the capital will rise to Rs. 9.14 Arba.
