Gurans Life Insurance (GLICL) Converting Promoter Shares to Maintain 60: 40 Shareholding Ratio

Gurans Life Insurance Company Limited (GLICL) is now converting its promoter shares. The letter of the Beema Samiti dated Ashar 14 has approved the share conversion of the company to 60: 40.

The 6th AGM of the insurance company had endorsed a special agenda to convert the shareholding ratio to 51: 49 from the pre-existing 70: 30. However, Beema Samiti has only given approval for conversion to 60: 40 for now.

Promoters who are not willing to convert the shares should submit a self-declaration letter within 7 days to defy the decision. As of writing, the ordinary shares of the company have an LTP of Rs. 760.

Announcement