Reliance Spinning Mills Limited Announces Conclusion of Lock-in Period for Institutional Investors Shares on Bhadra 1

Reliance Spinning Mills Limited (RSML)  published a notice regarding the expiration of the six-month lock-in period on shares allotted to Qualified Institutional Investors (QII's), which will expire on 1st Bhadra, 2083.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON) the company had allotted 19,26,600 ordinary shares (10.14% of Rs 1.90 arba) to eligible institutional investors, of which 40% i.e. 7,70,640 shares were placed under a six-month lock-in from the listing date of Falgun 01, 2082.

RSML now has 19,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE).The lock-in period will end on  Bhadra 1, 2083 ends with these shares will be free to trade from the specified date.

RSML closed at Rs. 3,029.00 .