Asian Life Insurance Company (ALICL) has declared bonus 12% bonus shares for its shareholders.
The 122nd board meeting of the company held on Falgun 14, 2074 has proposed Rs 9.66 crore worth of bonus share for its shareholders and Rs 50.87 lakh worth of cash dividend for tax purposes.
Its existing capital is Rs 80.55 crore and will reach Rs Rs 1.3 arba after the adjustment of 12% bonus shares and 50% right shares. To meet the capital requirement of Rs 2 arba, it should raise its capital by about Rs 70 crore.
ALICL had earned Rs 2.58 crore in the second quarter of the fiscal year 2074/75.