Prudential Insurance (PICL) Converting Promoter Shares to Maintain 51: 49 Shareholding Ratio
Wed, Jul 14, 2021 10:47 AM on Latest,
Prudential Insurance Company Limited (PICL) is now converting its promoter shares. The letter of the Beema Samiti dated 2077/07/26 has approved the share conversion of the company to 51: 49 from the existing 60: 40.
The 19th AGM of the insurance company had endorsed a special agenda to convert the shareholding ratio to 51: 49 from the pre-existing 60: 40.
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. 811.
