Conversion of Promoter Shares of Sanima Reliance Life Insurance; Shareholding Ratio Changed To 51: 49
Tue, Dec 12, 2023 12:42 PM on Latest,
A notice has been published by Sanima Reliance Life Insurance Limited (SRLI) where the promoter-public shares conversion from the existing 70% - 30% has been changed to 51% -49% as granted by Nepal Insurance Authority and endorsed by their 5th AGM last year.
As of now, the company has 41,840,000 unit shares listed in NEPSE. Likewise, the shareholding structure consisted of promotors (70%) i.e. 2,92,88,000 units, and the public (30%) i.e. 1,25,52,000 units. Now, it has been converted to 51% Promoter shares i.e. 2,13,38,400 units, and 49% Public shares i.e. 2,05,01,600 units.
This means about 79.49 lakh units were added to the public shareholders.
SRLI closed at Rs.487 yesterday.
