Kathmandu: Asian Life Insurance Company has changed its capital structure. The 12th annual general meeting(AGM) had passed a proposal to convert 10 percent of the total capital from promoter group to public group. Accordingly, the proposal has also been passed by the Insurance Board, the company said in a statement.
The company now owns 60 percent promoters shares and 40 percent ordinary shares. Therefore, in case of unwillingness to change their shares accordingly, the company has requested the promoter shareholders to inform the company in writing within 7 days from the date of publication of the notice.