The company is converting 20 percent promoter shares of Nepalese promoters to maintain at 31 percent from the previous 51 percent while keeping foreign investment partners Selinko Insurance PLC Sri Lanka’s share percentage of 20 percent untouched.
Following the conversion, the share structure will be maintained at 51:49 of promoter and ordinary share.
The company requested the promoters who do not want to convert their shares to inform the company’s head office.
