Primeir Insurance Company announces 83.99% dividend, Minimum Paid up capital to be meet

Primeir Insurance Company Nepal Limited in its 261st Board meeting has announced 83.99% dividend from the profits of FY 2075/76. The company is distributing 79.79% bonus share and 4.2% cash dividend (for tax purpose) on its current paid up capital of Rs 58.4 core. The paid up capital of the company after the bonus distribution will reach Rs 1.05 arba meeting the minimum paid up capital requirement set by the insurance board. 

The dividend decision needs to be approved by Nepal Insurance Board and in the company' s AGM