Kathmandu, Jul 8
Lumbini General
Insurance Company has announced to distribute bonus shares of Rs. 85.8 million
and cash dividend of Rs. 4.2 million for tax purpose.
Company's 15th
Annual General Assembly held in Kathmandu on Wednesday had approved the bonus
shares from the profit of the last fiscal year 2018/19.
The bonus shares are
8.12 per cent of the Rs. 1.56 billion paid up capital of the company.
The AGM organnised
with safety measures against the COVID-19 was chaired by chairman of the
company Manohar Das Mool.
The meeting has
elected Ganesh Raj Regmi and Kamal Bhattarai to the board of directors of the
company.
It has increased the
insurance premium by 8 per cent in the last fiscal year to make it Rs. 1.36
billion, said company Secretary Devendra Koirala.
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