Himalayan Life Insurance Announces 14% Bonus Shares

Himalayan Life Insurance Company Limited has decided to distribute 14% bonus shares to its shareholders. A meeting of the company’s Board of Directors held on January 18 decided to provide bonus shares based on the current paid-up capital from the profits of the fiscal year 2079/80 (2022/23).

According to the company, the tax applicable on the bonus shares must be borne by the shareholders themselves. The proposed bonus shares will be distributed only after approval from the Insurance Board and endorsement by the company’s upcoming Annual General Meeting. This decision is expected to provide additional incentives to the shareholders.