May 22, 2023 | Investopaper
Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) has informed about the conversion of promoter shares to ordinary shares.
The microfinance company has converted 12,90,496 units promoter shares into public (ordinary) shares. These shares will now be traded in the stock exchange at a price of ordinary shares.
At present, promoter-public shareholding stands at 70:30. After the conversion, the promoter-public share ratio will remain at 60:40.
As of Chaitra’s end 2079 BS, SWBBL has a paid-up capital of Rs 129.05 crores.