Asian Life Insurance Company Limited (ALICL) has proposed a dividend for the fiscal year 2077/78.
The meeting of the board of directors held on Shrawan 20 has decided to distribute 14.50% bonus shares and a 0.76% cash dividend (for tax purposes). The bonus shares are worth Rs. 36.82 crores and the cash dividend is worth a little over Rs. 1.93 crores. Thus, the total paid-up capital post this bonus share would be Rs 2.92 Arba. The existing paid-up capital of ALICL is Rs. 2.53 Arba.
The dividend is subject to approval from the Beema Samiti, and the upcoming AGM. As of writing, ALICL has its last trading day’s closing at Rs. 640.