The lock-in period of more than 3.57 crore unit shares of Citizen Life Insurance Company Limited is ending soon in month of Bhadra.
Citizen Life Insurance Company Limited has informed that lock-in period for its 3 crore 57 lakh 50 thousand unit shares is going to end in coming Bhadra. Out of these total shares, 3 crore 50 lakh units belong to promoter shareholders. The remaining 7 lakh 50 thousand units are the shares that were allocated to employees of the company.
Lock-In Period Ends on Bhadra 27
According to company, lock-in period of these promoter and employee shares will officially end on Bhadra 27. As per the existing rules, promoter and employee shares must be kept in lock-in for three years from date of IPO share allotment to general public.
Shares Eligible for Market Trading
Since the three-year period is completing, these shares can be traded in secondary market. Once the lock-in period ends on Bhadra 27, shareholders will have option to buy and sell these shares like regular shares in stock market.
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.
