Asian Life Insurance Company Limited (ALICL) Proposed Dividends

Asian Life Insurance Company Limited (ALICL) is proposing a significant 8.1578% dividend for the fiscal year 2079/80, amounting to Rs. 25.74 Crores. This proposal was made during the 188th board of directors meeting held on Magh 12.

In a strategic decision, the board has recommended the distribution of dividends in the form of both bonus shares and cash. Specifically, 7.75% of the dividend will be allocated as bonus shares, valued at Rs. 24.45 crores. Additionally, a 0.4078% cash dividend, primarily for tax purposes, has been proposed, totaling just over Rs. 1.28 crores. The existing paid-up capital of ALICL stands at Rs. 3.15 Arba.

As of the latest available information, ALICL concluded its last trading day with a closing price of Rs. 680.00 after a loss of 1.50 points today. Investors and stakeholders will be eagerly awaiting the regulatory approvals and AGM to finalize the dividend disbursements.