Himalayan Reinsurance Limited Set to Conclude Lock-in Period for 15,00,000 Units Mutual Fund Shares On 10th Ashadh
Tue, Jun 11, 2024 9:39 AM on Latest,
Himalayan Reinsurance Limited (HRL) has notified its investors and stakeholders regarding the impending conclusion of the lock-in period for 15,00,000 unit shares held by Mutual Funds. Following the latest directives from the Securities Board of Nepal (SEBON), this lock-in period is set to expire on the 10th of Ashadh, 2081.
HRL, boasting a total of 104,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE), allocated 5 percent of 3,00,00,000 shares exclusively for Mutual Funds. Consequently, 15,00,000 unit shares were issued and are presently under the lock-in period.
As per SEBON's directives, these 15,00,000 units were subjected to a lock-in period, which is slated to conclude on 10th Ashadh, 2081, as communicated to investors and stakeholders.
HRL closed at Rs. 572.70 yesterday.
