Himalayan General insurance to give 21% dividend, paid up capital to jump Rs. 320 million

Kathmandu January 26- BOD meeting of Himalayan General Insurance has proposed to distribute 20% bonus share and 1.05% cash dividend for tax provision to its shareholders.

The proposed dividend will be distributed after endorsement of Insurance board and forthcoming AGM of the company.

Company's  paid up capital of Rs. 267.5 million will reach Rs. 321 million once the distribution of its 20% bonus share is concluded.  Himalayan general insurance is a private sector general insurance company has earned net profit of Rs. 24 million in the first quarter.