Siddhartha Insurance Announces Dividend

May 14, 2019 Merolagani

Siddhartha Insurance (SIL) has announced dividend of the last FY. The 146th board of directors meeting of the company held on May 13 decided to propose 15.48 percent stock dividend to its shareholders.

The company will distribute stock dividend worth Rs 13.408 million to the shareholders, however, the shareholders require paying capital gain tax on the dividend by themselves.

The proposed dividend is subjected to approval from IB and its upcoming AGM.

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