Prabhu Mahalaxmi Life Insurance Distributes Bonus Shares

Kathmandu – Prabhu Mahalaxmi Life Insurance Limited has transferred its recently announced bonus shares to the demat accounts of eligible shareholders.

The company’s annual general meeting, held on October 9, 2024 had approved a 10 percent bonus share distribution. These shares have been registered with NEPSE and CDS and Clearing, making them available for trading in dematerialized form.

The book closure for dividend distribution took place on October 2, meaning only shareholders who held shares until October 1 are eligible to receive the bonus shares.

For shareholders who had pledged their shares as collateral for loans until October 1, the financial institutions holding the pledged shares have retained the bonus shares. However, shareholders who have repaid their loans can request their financial institutions to release the bonus shares.