The lock-in period for 2 lakh 10 thousand 965 shares of Sopan Pharmaceuticals Limited, which was held by mutual funds, is going to finish.
Lock-in Period Expiry Details
Sopan Pharmaceuticals had reserved 2 lakh 14 thousand 500 shares for mutual funds before they did the public issuance. Out of that, the company announced that the lock-in period for 2 lakh 10 thousand 965 shares is going to end on Kartik 16, 2083 B.S.
Background of Share Issuance
Previously, the company issued 42 lakh 90 thousand ordinary shares to the general public, which represents 25 percent of their issued capital. From that total amount, 5 percent or 2 lakh 14 thousand 500 shares was kept aside for mutual funds.
Early Release of Some Shares
The company said that two mutual fund schemes have already reached their maturity. Because of this, they have already released 3 thousand 535 shares before the lock-in date, following the instructions given by the regulatory body.
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