Siddhartha Insurance propose 25% bonus shares and 25% right shares

Kathmandu March 13- Siddhartha Insurance proposed to give 25% bonus share and 25% right shares to its shareholders. Company is distributing bonus share from its net profit of FY 2071/72.

After concluding distribution of bonus share, its paid up capital will amounted to Rs. 313.5 million. Due to restriction on cash dividend distribution from Insurance board, company shifted to bonus share distribution.

Similarly, company has also proposed to issue 25% right shares to its existing shareholders. Paid up capital will further increases to Rs. 392 million after issuance of right shares on paid up capital after bonus share distribution.

Siddhartha insurance has 60:40 proportions of promoters' shareholders and general shareholders.