Prabhu Life Insurance Amends Dividend | To Provide 9.8 Percent Bonus Share

May 17, 2023 | Investopaper

Prabhu Life Insurance Company Limited (PLI) has revised the dividend to the shareholders. The dividend declaration is from the fiscal year 2077/78.

The life insurance company has proposed a 10.3158 percent dividend. The total dividend includes a 9.8 percent bonus share and a 0.5158 percent cash dividend (for tax purposes).

Previously, PLI had announced a 10.526 percent dividend, including a 10 percent bonus share and a 0.526 percent cash dividend (for tax purposes). However, as per the direction of Nepal Insurance Authority, the company has amended the dividend.

As of Ashad’s end 2079 BS, Prabhu Life Insurance has a paid-up capital of Rs 2 Arba. At this capital, the bonus share is worth Rs 19.60 crores, and the cash dividend amounts to Rs 1.03 crores.

After the proposed 9.8 percent bonus share inclusion, the paid-up capital of PLI will reach Rs. 2.19 Arba.

The company will distribute the dividend after the approval from the upcoming Annual General Meeting (AGM).

Prabhu Life Insurance is currently in merger agreement with Mahalaxmi Life Insurance.


Recommended:

Prabhu Life Insurance To Merge With Mahalaxmi Life Insurance

Investopaper

Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published.

error: Content is protected !!