NEPSE adjusted the stock price of the company at Rs 478.11 after adjusting 8.97 percent stock dividend. The last trading price of the stock was Rs 521 on January 12.
The stock is currently suspended by NEPSE due to ongoing merger procedure with Gurans Life and Prime Life Insurance.
Union Life Insurance Company is conducting 5th AGM on February 9 in its Tiger Palace, Bhairahawa at 10.30 am.
The meeting will endorse a proposal of distributing 8.97 percent stock dividend to its shareholders. Moreover, the meeting will restructure its promoter and ordinary share ratio at 51:49 from the existing 70:30 and approve the decision taken by BOD in regard with merger with Union Life, Prime Life and Gurans Life and appoint an auditor to conduct DDA.
