Sagar Distillery Limited has announced that the lock-in period for 72,600 shares allocated to mutual funds is set to expire on Chaitra 11.
As per the provision, shares allotted to collective investment schemes (mutual funds) through the IPO were subject to a six-month lock-in period, during which they could not be sold. These shares were kept under lock-in following their allocation during the company’s public offering.
During its IPO issuance, the company had reserved 72,600 shares specifically for mutual funds. After the lock-in period ends on Chaitra 11, mutual funds will be able to trade these shares in the secondary market.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
