Kathmandu: Guransh Life Insurance Company Limited is going to distribute 7.83 percent dividend to the investors. The 189th meeting of the board of directors (BODs) of the company on Monday decided to distribute the dividend.
According to the decision of the meeting, the company has proposed to distribute 7.44 percent bonus shares and 0.39 percent cash dividend for tax purposes from the paid-up capital of Rs. 2.80 billion from the accumulated profit of the financial year 2076/77. Guransh Life has proposed to distribute bonus shares worth Rs. 155.1 million 20 thousand and cash dividend worth Rs.8.164 million.
The proposed dividend will be distributed only after approval from the regulatory authority, Insurance Board. Once the Insurance Board approves the decision for bonus distribution, the agenda must be proposed to the next annual general meeting and approval must be received from the AGM.
