The share price of Sagarmatha Insurance (SIC) has been adjusted on the Nepal Stock Exchange (NEPSE). Nepse has set a new price by adjusting the share price after the book was closed by the insurance company for the purpose of general meeting and dividend distribution.
On this day, Nepse has adjusted 20 percent bonus share of insurance. After the adjustment, the share price of the insurance company has remained at Rs 1,079.17.
Nepse has adjusted the share price of insurance based on the last price of the previous trading day. On the previous trading day, the stock had last traded at Rs 1,295 per share in the secondary market.
Shares of Insurance will be traded on Monday based on this adjusted price.
The insurance company had announced a bonus share of 20 per cent of the existing paid-up capital and a cash dividend of 1.05 per cent for tax purposes. The insurance company has convened its 25th annual general meeting on Baishakh 28 to pass the same dividend proposal. The meeting will start at 10:30 am at Lainchaur Banquet Lainchaur.
The meeting will pass a special resolution to increase the authorized capital of the company from Rs 2 Arba to Rs 5 Arba and the paid up capital to Rs 1 arba 33 crore.