Gurnas Life Insurance Promoter Shares Converted

Gurnas Life Insurance Promoter Shares Converted

Gurans Life Insurance Company Limited (GLICL) has converted 19,75,584.6 units of promoter stock into public stock.

As a result, the company’s promoter-to-public-share ratio has shifted to 60:40.

Gurans Life Insurance has a paid-up capital of Rs 197.55 crores as of Chaitra’s end 2077 BS.

GLICL began its insurance operations on Chaitra 18, 2064 BS. The company’s major promoters include the Dugar Group, Sunrise Bank Ltd., and others.

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