Sun Nepal Life to Change Shareholding Structure, Reducing Promoter Stake to 51 Percent
Sun Nepal Life Insurance has decided to change the shareholding structure between promoters and the general public. The company will adjust the current ratio of 70 percent promoter and 30 percent public shares to 51 percent promoter and 49 percent public shares. For this, it will obtain approval from regulatory bodies including the Nepal Insurance Authority and propose the change at the upcoming annual general meeting.
Kathmandu. Sun Nepal Life Insurance has decided to change the shareholding structure between promoters and the general public. The company's board of directors made this decision.
Under the new arrangement, the company will maintain 51 percent promoter and 49 percent public shareholding. Currently, the company has 70 percent promoter and 30 percent public shareholding.
To change the shareholding structure, the company has also decided to obtain necessary approval from regulatory bodies including the Nepal Insurance Authority and to propose the change at the upcoming annual general meeting.