AIR+26 Apr 2018

Bhutan dividend boost to expansion plans

| 26 Apr 2018

In April 2018 GIC Bhutan Re declared its maiden dividend of 3% for its shareholders since its inception in 2013. The company in which GIC Re of India has a 26% share also has two local promoters Druk PNB Bank chairman Dasho Sangay Wangchuk and Pelden Group of Companies chairperson Aum Damchae Dem, each of whom hold a 17% share in the company. The balance is held by the general public. We speak to Mr Vikrant Parate, who is on deputation from GIC Re of India, and is currently at the helm of the company as its officiating CEO, on the company's plans and future strategy to expand beyond its core region of operation.

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