Asian Life Insurance Co. Ltd announces 12% bonus share; LTP at Rs 820

The board meeting of the Asian life insurance held on Falgun 14, 2074 has proposed 12%  bonus shares and  0.63% cash dividend (for tax purpose) to its shareholders from the net profit of FY 2073/74.The bonus will be distributed upon approval from the Insurance Regulatory  Authority and in the upcoming AGM. 

The existing paid-up capital of ALICL is 80.55 crore, and after 50% right share and 12% bonus its capital will hike to 1.3 arba. The company has to raise additional 70 crores to meet the capital requirement of life insurance companies 

The company has earned the net profit of 2.58 crore in  2nd quarter of FY 2074/75. EPS stood at Rs 6.42.

The last traded price was Rs 820.