Promoter Shares of Gurans Life Insurance (GLICL) Converted Again; What's the New Shareholding Ratio?
Thu, Aug 26, 2021 2:55 PM on Latest,
17,78,026.14 units promoter shares of Gurans Life Insurance Company Limited (GLICL) are now converted to ordinary shares.
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 in the first phase. With this conversion, the shareholding ratio of the company is 51:49.
As of writing, the ordinary shares of the company have an LTP of Rs. 764.
