NLG Insurance to Add Rs. 130 mn Paid-up Capital from Stock Dividend

Kathmandu: NLG Insurance is all set to expand its paid-up capital by Rs. 130.26 million with the contribution from the profits of the last financial year 2078-79. The insurer has called its 17th General Assembly for Chaitra on 20th, 2079 being held in Baluwatar.

According to the regulatory provisions, the company has forwarded the main agenda of dividends distribution and an increase in the authorized capital to Rs. 3 billion.

For the last FY 2078-79, the company has offered 10.53 percent dividends including 10 percent stock dividends. The stock dividend will add Rs. 130.26 million to its paid-up capital. Its current paid-up capital is Rs. 1.32 billion.

For AGM and dividends distribution purposes, the insurer has announced to close the book on 13th Chaitra 2079.

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