Share MarketJyoti Life Insurance revised dividend

Jyoti Life Insurance revised dividend

Jyoti Life Insurance has revised dividend. The company has revised the previously proposed dividend as per the directions of the Insurance Committee.

The company has now proposed to distribute 10 percent bonus shares and 0.5263 percent cash dividend (for tax purpose).

Earlier, the company had offered a paid-up capital of Rs 2 arba 20 crore, a 5 percent bonus share and a 5.5263 percent cash dividend for tax purposes.

The company has revised the dividend after the Insurance Committee instructed the insurance companies to stop the cash dividend to increase the capital.

After 10 percent bonus shares to the shareholders, the paid up capital of company will reach Rs 1 Arba 44 crore.

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