Himalayan Reinsurance Limited (HRL) has successfully listed 40,00,000 unit bonus shares on the Nepal Stock Exchange (NEPSE), following the endorsement of its 3rd Annual General Meeting (AGM) held on 20th Falgun, 2080.
During the AGM, HRL approved a 4.21% dividend for the fiscal year 2079/80. In a significant move, the 55th board of directors meeting, convened on Magh 25, decided to distribute the dividend on the paid-up capital of Rs. 10 Arba. The proposal included a distribution of 4% bonus shares and 0.21% cash dividend (inclusive of tax). These bonus shares are now officially listed on NEPSE.
HRL’s closing market price stood at Rs. 592.50, reflecting investor optimism following the dividend declaration and bonus share listing.
