The lock-in period for 71,100 shares of Ridge Line Energy Limited owned by mutual funds is ending on Bhadra 13.
The lock-in period for 71,100 shares of Ridge Line Energy Limited, which is owned by various mutual funds, is expiring on upcoming Bhadra 13. After the period ends, these shares will become eligible for trading in secondary market.
SEBON Rule on Mutual Fund Lock-in
As per rules of Securities Board of Nepal (SEBON), the lock-in period for shares got by mutual funds through Initial Public Offering (IPO) is only for six months from allocation date. This rule applies if the remaining time period of mutual fund scheme is less than six months.
Following this same rule, lock-in period of 71,100 shares under name of mutual funds in Ridge Line Energy is ending on Bhadra 13. Once the lock-in period end, anyone can trade these shares in stock market like normal shares.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
