Sikhar Insurance to convert Promoter shares into Public ; Promoter holding to dilute to 60%

As per the noticed published by the company, Sikhar Insurance has planned to change its capital structure. The company has made necessary changes in the MOA, AOA and has also received an approval from the insurance board. 

The company has urged the promoter shareholders to convey their willingness or unwillingness regarding the conversion within 35 days. 

Sikhar Insurance currently has a promoter-public ratio of 70:30 which will dilute to 60:40 after the conversion.