Sanima Reliance Life Insurance Announces Conclusion of Lock-in Period for Promoters And Employee Shares on 29th Shrawan

Sanima Reliance Life Insurance Limited (SRLI) published a notice regarding the lock-in period of its promoter and employee shares, which will expire on 29th Shrawan, 2081.

As per the recent guidelines issued by the Securities Board of Nepal (SEBON), Sanima Reliance Life Insurance Limited (SRLI) has officially notified its investors and stakeholders on the conclusion of the lock-in period for the shares held by its promoter shareholders, and employees. The lock-in period will end on the 29th of Shrawan.

SRLI now has 41,840,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 41,840,000 units of shares, the promoters held 1,40,00,000 units and the company's employees had 3,00,000 units of shares, all subject to a lock-in period since the IPO allotment three years ago.

The total paid-up capital of the company is Rs. 4.18 Arba.

As outlined in the official notice, the shares held by the Board of Directors and employees at higher management won't be tradable after the lock-in period. Its promoter shares are tradable under promoter shares upon approval from the company and regulatory authority.

SRLI closed at Rs. 516.10 yesterday.

Notice: