27,79,615.58 units promoter shares of Prime Life Insurance Company Limited (PLIC) have now been converted into ordinary public shares.

The company had convened its 14th AGM on Mangsir 22, 2078 and endorsed the decision to convert of 10% promoter shares which equates to 27,79,615.58 units to ordinary shares to make promoter : public ratio from earlier 70 : 30 ratio to present 60 : 40 now.

With this conversion, the promoter to public shareholding ratio of the company is now 60 : 40. As of writing, the LTP of PLIC is Rs. 569.


Read full article at ShareSansar.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Budget positive but challenging for implementation: NCC – |

Nepal Chamber of Commerce (NCC) has observed that the budget government brought…

NAV of Mega Mutual Fund 1 Stands Below Par Value in the Month of Baisakh – |

The NAV report of “Mega Mutual Fund 1 (MMF1)” has been unveiled…

Too Many Bad News in Single Day: NEPSE Loses 2.17% and Closes at 2,661.44 – |

The NEPSE index closed at 2,661.44 today after losing 58.99 points from…

SEBON Approves 5 More Institutional Investors to Participate in IPOs Via Book-Building Process – |

Securities Exchange Board of Nepal (SEBON) has chosen five more institutions to…

Last Day to Apply for IPO of Emerging Nepal Limited – |

Emerging Nepal Limited is closing its IPO issue today. Investors have till…