Conversion of Promoter Shares of Gurkhas Finance Limited; Shareholding Ratio Changed To 51 :49

A notice has been published by Gurkhas Finance Limited (GUFL) where the promoter-public shares conversion from the existing 57.51% - 42.49% has been changed to 51% - 49% as granted by Nepal Rastra Bank.

As of now, the company has 8,679,938 unit shares listed in NEPSE. Likewise, the shareholding structure consisted of promotors (57.51%) i.e. 49,91,832.34 units, and the public (42.49%) i.e. 36,88,105.66 units. Now, it has been converted to 51% Promoter shares i.e. 44,26,768.38 units, and 49% Public shares i.e. 42,53,169.62 units.

This means about 5,65,063.96 units were added to the public shareholders.

GUFL closed at Rs. 652.00.