19% of Sanima GIC Insurance Promoter Shares Get Converted into Public Share
Fri, Apr 7, 2023 11:18 AM on Latest,
Sanima GIC Insurance Limited (SGIC) has published a notice regarding the change of its promoter to public shareholding ratio.
The company will be changing 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 to the company's corporate office located at Tangal, Kathmandu.
After the successful merger process, Sanima General Insurance Limited (SGI) and General Insurance Company Nepal Limited (GIC) started their joint operation under the name "Sanima GIC Insurance" on 7th Kartik, 2079.
