Prabhu Mahalaxmi Life's Share Structure Changing, Public Shareholding to Increase
Prabhu Mahalaxmi Life Insurance is set to increase the public shareholding by adjusting the share ratio between the promoter and public groups. As per the proposal approved by the Nepal Insurance Authority and the special general assembly, the promoter ownership will decrease from **84.67%** to **76.2030%**, while the public shareholding will rise from **15.33%** to **23.7970%**.
Prabhu Mahalaxmi Life Insurance Limited has initiated the process of changing its share ownership structure. The company is set to increase the public shareholding by adjusting the share ratio between the promoter and public groups.
Currently, the company has promoter shareholders' ownership at 84.67 percent and public shareholders' stake at 15.33 percent. After the proposed change, the promoter group's ownership will decrease to 76.2030 percent, while the public group's share will increase to 23.7970 percent.
According to the company, the proposal to change the share ownership structure has already been approved by the Nepal Insurance Authority. The proposal was also endorsed by the special general assembly held on Chaitra 12, 2082.