Share MarketShare price adjustment of Nepal Life Insurance

Share price adjustment of Nepal Life Insurance

Share price of Nepal Life Insurance Company Limited (NLIC) has been adjusted on the Nepal Stock Exchange (Nepse) on Monday. With the book-closing of the insurance on Monday, Nepse has fixed the new price by adjusting the share price. The company closed the book on Monday for the purpose of general meeting and dividend distribution.

Nepse has adjusted 14 percent bonus shares of Insurance on this day. After the adjustment, the price of Insurance Company has been fixed at Rs 1,085.9.

Nepse has adjusted the share price of Insurance based on the last price of the previous trading day. On Sunday, the last trading day, the last trading was at Rs 1,237 per share.

The insurance company announced a 14 percent bonus share and a 0.73 percent cash dividend for tax purposes. Insurance has convened its 21st Annual General Meeting on Chaitra 21 to pass the same dividend proposal. The meeting will start at 9 am at Hotel Vishwa, Birgunj.

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