Conversion of Promoter Shares of Forward Microfinance Laghubitta ; Shareholding Ratio To Be Changed To 60:40
A notice has been published by Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) where the promoter shares conversion from the existing 70% - 30% will be changed to 60% - 40% as granted by Nepal Rastra Bank.
As of now, the company has 11,959,538 unit shares listed in NEPSE. Likewise, the shareholding structure consisted of promoters (70%) and the public (30%). Now, it will be converted to 60% promoter shares i.e. 7,175,723 units, and 40% Public shares i.e. 4,783,815 units.
Promoter shareholders must inform the company's head office within 35 days from the notice publication if they wish to retain their shares under the new structure.
FOWAD closed at Rs. 760.00
