Tag: Shareholding

  • Himalayan Laghubitta Bittiya Sanstha (HLBSL) Alters Ownership Structure with Conversion of Promoter Shares to Public Shares

    Himalayan Laghubitta Bittiya Sanstha (HLBSL) Alters Ownership Structure with Conversion of Promoter Shares to Public Shares


    A significant development has occurred with Himalayan Laghubitta Bittiya Sanstha Limited (HLBSL), where 287,836 units of the company’s promoter shares have recently been transformed into public shares. This transformation has altered the ownership structure of HLBSL, resulting in a new ratio of 51% promoter shares to 49% public shares.

    To provide a clearer picture of the company’s shareholding, HLBSL currently has a total of 3,198,182 units of shares listed on the Nepal Stock Exchange (NEPSE). Prior to this change, the share distribution was such that the promoters held 60% of the company’s shares, equivalent to 1,918,909 units, while the remaining 40% was in the hands of the public, amounting to 1,279,273 units. Following the recent conversion, the ownership structure now consists of 51% promoter shares, totaling 1,631,073 units, and 49% public shares, totaling 1,567,109 units.

    As of the last reported data, HLBSL’s closing stock price stood at Rs. 616 on the previous Wednesday.

  • “176,402 Promoter Shares of MLBBL Converted to Public Shares, Changing Ratio to 51:49”

    “176,402 Promoter Shares of MLBBL Converted to Public Shares, Changing Ratio to 51:49”


     

    Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) has changed its ownership structure by converting 176,402 promoter shares into public shares. This adjustment has shifted the ownership ratio from 60:40 to 51:49, with promoters now holding 51% of the company’s shares, and the public holding 49%. Currently, MLBBL has a total of 1,960,028 shares listed on the Nepal Stock Exchange (NEPSE). The company’s recent closing price was Rs. 830.

     

  • Unique Nepal Laghubitta Bittiya Sanstha Limited Announces Follow on Public Offer (FPO) to Adjust Shareholding Ratio

    Unique Nepal Laghubitta Bittiya Sanstha Limited Announces Follow on Public Offer (FPO) to Adjust Shareholding Ratio


    Unique Nepal Laghubitta Bittiya Sanstha Limited (UNLB) has recently announced its plan to issue a Follow on Public Offer (FPO) to the general public. The company aims to release 3,79,425 unit shares with a face value of Rs. 100 starting from the 11th of Jestha, 2080. The objective of this FPO is to collect Rs. 3.79 crore. The offer will be open until the 16th of Jestha, and if not fully subscribed, it may be extended until the 25th of Jestha, 2080.

    Currently, the company’s paid-up capital stands at Rs. 11.06 crores, with 94.01% of shares (10,40,025 units) held by the promoters and 5.99% (66,300 units) held by the public shareholders. However, as per the regulations of the Banks and Financial Institutions Act of 2073 and the NRB, at least 30% of the issued capital must be retained by the public shareholders. To comply with this requirement, the company plans to issue 3,79,425 units of FPO shares to the general public. Following the FPO, the promoter-to-public share structure will change from 94:6 to 70:30.

    It is worth noting that Unique Nepal Laghubitta had initially intended to issue an IPO for 2.70 lakh shares. However, due to a successful merger with Ghodighoda Laghubitta, the two companies commenced their joint operation on the 30th of Poush, 2078, under the name of Unique Nepal Laghubitta Bittiya Sanstha Limited. Since Ghodighoda Laghubitta was already a publicly listed company, the merged entity has opted to issue an FPO to adjust its shareholding ratio.

    Muktinath Capital Limited has been appointed as the issue manager for the FPO issuance. Interested individuals can apply for a minimum of 10 units and a maximum of 1000 units. Following the issuance of the mentioned FPO shares, the company’s paid-up capital will increase to Rs. 14.85 crores.

  • PLIC and ULI Promoter Shares Converted; Promoter-Public Shareholding Ratio Changed To 51: 49

    PLIC and ULI Promoter Shares Converted; Promoter-Public Shareholding Ratio Changed To 51: 49


     

    Prime Life Insurance Company Limited (PLIC) unit promoter shares have been converted to ordinary shares, bringing the company’s promoter-to-public share ratio to 51: 49.

    The company currently has 3,14,09,657 unit shares listed on NEPSE.Similarly, the shareholding structure of 60% promoters and 40% public has been altered to 51% promoter shares and 49% public shares.