Premier Insurance convenes its 29th AGM; endorses proposal of 15% dividend and merger with Siddhartha Insurance
Tue, Jan 17, 2023 10:00 AM on Latest, AGM/Special AGM, Merger/Acquistion,
Premier Insurance has convened its 29th AGM for the FY 2078-79 under the leadership of its chairman Mr. Suresh Lal Shrestha on Poush 29, 2079.
The AGM has endorsed 14.25% bonus shares and 0.75% cash dividend from the profit of the previous fiscal year and also endorsed the decision to merge with Siddhartha Insurance so as to form Siddhartha Premier Insurance in share swap ratio of 1:1, as per the media statement.
The company had raised an insurance premium of Rs 2.11 arba, earned net profit of Rs 36.48 crore during the previous fiscal year, as per the media statement.
