City Hotel Limited has announced that the lock-in period for its promoter and employee shares will end on Baisakh 5, 2083. After this date, a significant portion of locked shares will become eligible for trading in the secondary market.
According to the company, a total of 2,72,39,328 shares are currently under lock-in. This includes 2,71,18,800 shares held by promoter shareholders and 1,20,528 shares owned by employees.
These shares were placed under lock-in as per regulatory provisions, which restrict the sale of promoter and employee shares for three years from the date of public issuance and allotment.
After the expiry of the lock-in period, promoter and employee shareholders will be allowed to sell their shares in the market. However, shares held by board members and senior management personnel will remain under trading restrictions as per applicable regulations.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
