NEPSE Adjusts Stock Price of Prabhu Insurance

Jan 24, 2020 01:10 PM Merolagani

Nepal Stock Exchange has adjusted the stock price of Prabhu Insurance (PRIN) after its book close for the upcoming AGM.

The local bourse adjusted the stock price at Rs 400.95 after adjusting 5 percent stock dividend.

Prabhu Insurance is conducting its AGM on February 7 in Prabhu Complex, Tinkune, Kathmandu at 11:00 AM.

The AGM will endorse a proposal of distributing 5 percent stock and 11.32 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to amend the article of association and policies, appoint an auditor and approve financial reports of last FY.

Presently, the company has a paid-up capital of Rs 1 billion, which will reach Rs 1.05 billion after the bonus share distribution.


comments powered by Disqus

Finance Standing of Non-life insurance in Q2

Feb 19, 2020 03:08 PM

Out of 20 general insurance companies operating in Nepal, 15 are listed companies. Those listed companies earned a net insurance premium of Rs 5.60 billion and net profit of Rs 1.58 billion by the second quarter of the last FY.