LICN dividend

KATHMANDU: The board of directors of Life Insurance Corporation (Nepal) Ltd in its 94th board meeting held on Thursday has resolved to provide 36 per cent bonus share and 1.89474 per cent cash dividend (to meet the tax liability for bonus share) on paid-up capital of Rs 1.33 billion from profits of fiscal year 2016-17.

The decision is subject to approval from Insurance Board and upcoming 16th annual general meeting of the LICN, as per a press release.