Shikhar Ins. to issue 5.10 lakhs units share on Premium to convert shareholding patterns to 70:30

ShareSansar, February 6:

Shikhar Insurance Company Limited is planning to issue 5,10,000 units ordinary share to general public on premium. However, this decision is subject to approval from its upcoming 10th Annual General Meeting. The date for the 10th AGM is still not finalized.

Shikhar Insurance Company Limited is issuing ordinary share to general public mainly to convert its current shareholding pattern from 80 percent (Promoters) and 20 percent (Public) to 70 percent (Promoters) and 30 (Public).

Earlier, Shikhar Insurance Company has proposed to issue 20 percent bonus share and 1.05 percent cash dividend (tax purpose) to its shareholders from the profit of the last fiscal year 2070/71.

However, the premium amount is not finalized yet.