Nepal Life Insurance Company (NLIC) on Monday successfully conducted its 17th annual general meeting (AGM). The meeting approved proposal to extend 26.31 % bonus shares to company’s shareholders which was held in Birjung.
As per the press statement published by the insurance company, it stated that the allotters of recently concluded Further Public Offering (FPO) are also eligible for the bonus shares. With this, the paid up capital of the life insurance company will reach Rs 3.09 billion—the highest among all life insurance companies in Nepal.
The AGM has also elected Ramesh Gupta, Harish Chandra Subedi, Vivek Agrawal and Prakash Bikram Khatri as directors representing the public shareholders.