Kathmandu, June 17:
Prudential Insurance Company Limited’s 14th Annual General Assembly
Thursday decided to distribute 10 per cent bonus shares.
After bonus shares
distribution the paid up capital of the company will be increased to Rs. 356
million from current Rs. 324 million.
According to a press
statement issued by the company, it earned Rs. 135 million net profit in the
last fiscal year. Prudential earned Rs.
781 million premiums in the last fiscal which is 33 per cent higher than the
previous year.
The AGM of the
non-life insurance company was organized in Birgunj and chairman of the company
Birendra Kumar Shanghai presented annual report in the meeting. Meanwhile, meeting of
the Board of Directors of the company reelected Shanghai as the chairman.
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