Reliable Nepal Life Insurance Limited Announces Conclusion of Lock-in Period for Promoters and Employee Shares on Shrawan 30

Reliable Nepal Life Insurance Limited (RNLI) published a notice regarding the expiration of the lock-in period for its promoters' and employees' shares, which will expire on 30th Shrawan, 2083.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Reliable Nepal Life Insurance Limited (RNLI) has officially notified its investors and stakeholders that the lock-in period for the shares held by its promoters and employees has concluded. In the next month of the 30th Shrawan, 2083, the lock-in period will end.

RNLI now has 51,968,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Of these, the promoters held 15,590,400 units and the company's employees held 36,377,600 units. These shares have been subject to a lock-in period since the IPO allotment three years ago.

As outlined in the official notice, the shares held by the Board of Directors and employees at higher management will not be tradable after the lock-in period.

RNLI closed at Rs. 449.70.