Kathmandu. KATHMANDU: Nepal Life Insurance Company (NLIC) has provided a 50% bonus to its shareholders in the first year of its investment. Profession Holdings Limited, which has been running education programs from high secondary to postgraduate level in Kathmandu, has received a high dividend in the first year itself.
According to the financial details published by Nepal Life, the last fiscal year 2082. The company received 921,512 units of shares for 50% bonus shares. Out of the total 18,43,224 units of shares in Professional Holdings, Nepal Life Insurance has increased to 2,764,736 units of bonus shares.
Nepal Life Insurance has invested Rs 400 in Professional Holdings with an additional premium of Rs 300 on the shares denominated at Rs 100 per share. Professional Holdings operates educational institutions such as Global College, Uniglobe College, Uniglobe Higher Secondary School, Global IT College, among others. Most of these programs are being run in the premises of central Baneshwor.
Similarly, the insurance company received 50% bonus share from Uniglobe Higher Secondary School KTM Limited. Previous fiscal year 2081. A total of 1,50,000 units of shares were purchased at the rate of Rs 400 per share.
Global College, which is known for its educational program of management faculty, has also started foreign educational programs on information technology. The college, which is known for its educational programs of management faculty, has now adopted a strategy to establish it as one of the best information technology colleges.
Professional Holdings has been conducting educational programs by constructing a building on its own land in Madhyabaneshwor.
At a time when the investment yield of life insurance companies has been gradually decreasing due to the reduction in the interest rate of fixed deposits, the returns from the diversified sector are expected to provide some relief to the company.
