Currently, the promoter to the public shareholding ratio of the company is 60: 40. As of writing, the paid-up capital of the company is Rs. 255 crores. Thus, promoters own 60,% i.e. 153 crores of the paid-up capital, and the public shareholders own 40%, i.e. 102 crores.
The company wants to bring the ratio down to 51: 49 by converting a portion of promoter shares to ordinary shares. Thus, 22.95 lakh promoter shares will be converted to ordinary shares. This will mean an additional supply of the same quantity of shares that will be traded in the secondary market as ordinary shares.
Promoters unwilling to convert their portion of the shares can submit a self-declaration within 7 days to the company's corporate office, Sano Gaucharan, Kathmandu.
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