19% Promoter Shares of Sanima Reliance Life Insurance Converted into Public Shares

79,49,600 units of promoter shares of Sanima Reliance Life Insurance Limited (SRLI) have been converted into public shares making the promoter-to-public shares ratio of the company 51:49.

Currently, the company has 41,840,000 unit shares listed in NEPSE. Likewise, the shareholding structure consisted of promotors (70%) i.e. 2,92,88,000 units, and the public (30%) i.e. 1,25,52,000 units. Now, it has been converted to 51% Promoter shares i.e. 2,13,38,400 units, and 49% Public shares i.e. 2,05,01,600 units.

As of writing, SRLI has an LTP of Rs. 612.