NLG Insurance Converts 20,83,113.45 Promoter Shares to Ordinary Shares

20,83,113.45 unit promoter shares of NLG Insurance Company Limited (NLG) are now converted to ordinary shares.

With this, the new promoter to public shareholding ratio is 51: 49. The company can no longer convert promoter shares further than this since promoters must maintain a majority shareholding of 51% in a company.

As of writing, NLG has the last trading day's LTP of Rs. 1,089. NLG Insurance Company (NLG) has earned a net profit of Rs.15.39 crore till the second quarter (Q2) of the fiscal year 2077/78. It was Rs.8.75 Crore in the corresponding quarter of the previous year.