Surya Life Insurance proposes 12% bonus share for shareholders ; Right share also eligible for bonus

The 213th Board meeting of the company held on 22nd Jestha, 2075 has proposed 16.80% bonus shares to the shareholders along with cash for tax purpose. The dividend is out of the profit from the year 2073/74. 

The 40% right shares issued by the company will also be eligible for the bonus shares. Thus, 16.80% when adjusted with the right shares becomes 12%. The company will issue bonus shares worth Rs 12.12 crores and cash worth Rs 63.82 lakh. The cash will however be for tax purpose. 

The stock of Surya Life Insurance was last traded for Rs 676 in the stock market.