The lock-in period for over 3.77 crore shares of Sun Nepal Life Insurance Company Limited is set to expire on Bhadra 14.
According to company, out of total 5 crore 28 lakh 27 thousand 936 shares registered with Securities Board of Nepal (SEBON) including bonus and right shares, 3 crore 77 lakh 72 thousand 24 shares are currently under lock-in.
Among the shares whose lock-in period is ending, there are 3 crore 69 lakh 79 thousand 555 promoter shares. Likewise, 7 lakh 92 thousand 469 shares were allocated to employees. These shares was locked for the past three years.
Trading Starts From Bhadra 15
Once lock-in period ends, these shares can be traded in regular market starting from Bhadra 15. However, shares owned by directors and top-level management employees of company will remain locked as per current rules.
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.
