National Life Insurance Converts 34.40 Lakh Promoter Share Into Public Share

September 15, 2020 | Investopaper

National Life Insurance (NLICL) has converted 34,40,323.73 units promoter shares into public share.

After the conversion, the Promoter to Public share ratio of the company has become 55:45.

At the end of Ashad 2077, National Life Insurance has a paid-up capital of Rs 3.08 Arba. In the fiscal year 2076/77, NLICL collected a total premium of Rs 9.22 Arba and generated a net profit of Rs 39.12 crores (based on the unaudited report).

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