Nepal Life Insurance urges its shareholders to update their bank accounts in respective DP to get 28.53% cash dividend

Sun, Apr 15, 2018 2:08 PM on Dividend, Bonus & Rights, Latest, Stock Market,
Nepal Life...

Nepal Life Insurance Limited (NLIC) has published a notice that the 28.53% cash dividend have been deposited directly to the updated bank accounts of the respective shareholders in their respective demat account opened in respective depository participant (DP) and the 42% bonus shares the company had announced to distribute from the net profit of FY 2073/74 will also be distributed directly in the Demat accounts of the respective shareholders. The company has starting distributing cash dividend within 5 days of the endorsement of the dividends.

As per the notice published in newspaper today, 18th AGM of the company held on Chaitra 28, 2074 had endorsed 28.53% cash dividend (with tax) and 42% bonus shares to the shareholders who had owned shares before the book closure date.

Those who are yet to dematerialize their shares are requested to Demat all the physical shares.

After the distribution of bonus share, the paid-up capital of the company will be Rs. 4,39,69,28,684.