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Sanima GIC Insurance Limited (SGIC) has announced a dividend of 7.8947% totaling Rs. 15.78 crore for the fiscal year 2080/81.
During the 155th Board of Directors meeting held on Magh 24, a resolution was passed to offer a cash dividend of 0.3947% (for tax implications) amounting to Rs. 78.94 lakhs, along with 7.5% in bonus shares valued at Rs. 15 crores. SGIC’s current paid-up capital stands at Rs. 2.00 Arba.
The proposed dividend awaits ratification from the Nepal Insurance Authority and the forthcoming AGM. As of the latest update, SGIC shares closed at Rs. 700.00.
