19% of Jyoti Life Insurance Company Promoter Shares Get Converted into Public Share
Mon, Oct 17, 2022 2:35 PM on Latest,
Jyoti Life Insurance Company Limited (JLI) has published the notice regarding the change of its promoter to public shareholding ratio.
The company had recently convened its Special General Meeting (SGM) on Shrawan 24, 2079. The SGM endorsed the board’s proposal to change the ratio of promoter and public shares of the company from 70:30 to 51:49. The company has now informed that if any of the shareholders are not willing to convert their ownership of the founder shares into a public group should make a self-declaration accordingly within 7 days from the date of publication of this notice i.e Ashwin 31 to the company's corporate office located at Gyaneshwor, Kathmandu.
Additionally, to raise the paid-up capital to Rs 5 Arba, Jyoti Life Insurance Company Limited (JLI) and Surya Life Insurance Company Limited (SLICL) signed a Memorandum of understanding (MoU) of the merger on Ashad 12.
