Rastriya Beema Company proposes gigantic 120% bonus shares

As per the noticed published by Nepse, Rastriya beema company has proposed a bonus share of 120%. The BoD meeting held on Falgun 10 has proposed 120% bonus along with 5.26% cash (for tax purpose). 

The proposed dividend relates to 6 fiscal years, Starting from 2063/64 to 2068/69. The decision will have to be approved from authorised body and upcoming AGM. 

The non-life insurance company currently has a paid-up capital of Rs 26.66 crores that will rise to Rs 58.66 crores after the capitalization of bonus shares. As per the directives from insurance board, Non-life insurance companies need to raise their paid-up capital to Rs 1 arba.

RBCL was last traded at Rs 13,600 in the stock exchange.