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Prudential Insurance to Distribute 20 % Bonus Share

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Prudential Insurance to Distribute 20 % Bonus Share
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March 22: Prudential Insurance is distributing 20 per cent bonus share to its shareholders. The 15th annual general meeting of the company held on March 21 unanimously approved a proposal of distributing the bonus share. The meeting also approved a proposal of issuing 30 per cent right shares of the paid-up capital maintained after distribution of bonus share. Presently, the company has paid-up capital of Rs 356.4 million which will increase to Rs 555.9 million after the distribution of bonus share and right shares.  

On the occasion, the company informed of earning Rs 871.7 million premiums and Rs 153.3 million net profits on the FY 2072/73. Moreover, the meeting elected Bishnu Bhandari as a board member of from shareholders group. 

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