Himalayan Reinsurance Limited (HRL) has scheduled its 3rd Annual General Meeting (AGM) for the 20th of Falgun, 2080, to be held at Rastriya Sabha Griha, Pradarshani Marg, Kathmandu, starting at 11:00 AM.
One of the key agendas of the AGM is the approval of a 4.21% dividend for the fiscal year 2079/80. During the 55th board of directors meeting on Magh 25, it was decided to distribute the dividend on the paid-up capital of Rs. 10 Arba. The proposed distribution includes 4% bonus shares and 0.21% cash dividend for tax purposes. This translates to bonus shares valued at Rs. 40 crores and a cash dividend of Rs. 2.10 crores.
Highlights:
- Himalayan Reinsurance Proposes 4.21% Dividend for FY 2079/80; Includes Bonus Shares and Cash
- Himalayan Reinsurance Limited Announces IPO for 2.49 Million Units with Robust Promoter Support
- Asian Life Insurance Plans 42% Right Shares Post Bonus Adjustment for Capital Needs
- People’s Power Limited Announces 50% Right Share Issuance for Capital Expansion and Project Development
- Himalayan Reinsurance Announces IPO for Nepalese Citizens Abroad, Aiming to Raise Rs. 61.8 Crores