Shikhar Insurance to convert 14.28% promoter shares to ordinary: promoter-ordinary shareholding to be maintained at 60:40 from existing 70:30
Wed, Apr 4, 2018 8:05 PM on Latest, Featured, Stock Market,
Shikhar Insurance Company Limited (SICL) has amended its previous decision of conversion of 20% promoters share into public shares. The insurance company will now be converting 14.2857% promoters share into public shares.
The insurance company had previously requested Insurance Board for the conversion of its share structure from 70:30 to 56:44 shares which was rejected by the board. Currently, Insurance Board has given the permission to convert the share structure as 60:40. For which, they will be converting 14.2857% of the promoter shares into ordinary shares.
The insurance company had previously requested Insurance Board for the conversion of its share structure from 70:30 to 56:44 shares which was rejected by the board. Currently, Insurance Board has given the permission to convert the share structure as 60:40. For which, they will be converting 14.2857% of the promoter shares into ordinary shares.
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