IME Life Insurance Announces Conclusion of Lock-in Period for Promoters and Employee Shares on Ashadh 30
Summary
IME Life Insurance Company Limited has announced the end of the lock-in period for shares held by promoters and employees on 30th Ashadh, 2083, as per SEBON guidelines.
Key Points
- IME Life Insurance Company Limited announced the expiration of the lock-in period for promoter and employee shares on 30th Ashadh, 2083.
- The lock-in period has lasted three years since the IPO allotment.
- Promoters held 28,000,000 units and employees held 600,000 units of shares under lock-in.
- Shares held by Board of Directors and higher management employees will not be tradable after the lock-in period.
