{"id":294576,"date":"2026-04-10T08:37:11","date_gmt":"2026-04-10T02:52:11","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=294576"},"modified":"2026-04-10T08:40:05","modified_gmt":"2026-04-10T02:55:05","slug":"prabhu-mahalaxmi-life-to-convert-10-promoter-shares-to-general-public-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/prabhu-mahalaxmi-life-to-convert-10-promoter-shares-to-general-public-2\/","title":{"rendered":"Prabhu Mahalaxmi Life to convert 10% promoter shares to general public"},"content":{"rendered":"<p>Kathmandu. Prabhu Mahalaxmi Life Insurance has decided to change its share structure. <\/p>\n<p>Issuing a notice today, the company informed that it is going to change the share structure of the promoters and the general public. Currently, promoter group holds 84.67 percent stake in the company while the general public holds 15.33 percent. <\/p>\n<p>As per the directive, the promoter shares of the company can be held at least 51 percent and the remaining shares can be converted into general public. The special general meeting of the company held on April 2 had approved a proposal to convert 10 percent of the total promoter shares to the general public. <\/p>\n<p>After this process, the promoter group will hold 76.20 percent and the general public will hold 23.80 percent. The company has already obtained approval from the Insurance Authority of Nepal for the amendment. <\/p>\n<p>If any promoter shareholders are unwilling to convert the promoter group shares into ordinary shares, they may submit a written application to the company&#8217;s head office within 7 days from the date of publication of this notice. <\/p>\n<p>If no application is received within the stipulated time, then 10 percent of the shares of the company will be converted to the general public assuming the full consent of the concerned shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. Prabhu Mahalaxmi Life Insurance has decided to change its share structure. Issuing a notice today, the company informed that it is going to change the share structure of the promoters and the general public. Currently, promoter group holds 84.67 percent stake in the company while the general public holds 15.33 percent. As per the [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":180499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45152,45159,45180],"tags":[],"class_list":["post-294576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-life-insurance-en","category-news-en","category-stockmarket-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/294576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=294576"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/294576\/revisions"}],"predecessor-version":[{"id":294577,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/294576\/revisions\/294577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/180499"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=294576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=294576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=294576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}