Sun Nepal Life Insurance Announces Conclusion of Lock-in Period for Promoters and Employee Shares on Bhadra 14
Summary
Sun Nepal Life Insurance has announced the end of the lock-in period for promoters' and employees' shares on Bhadra 14, 2083, following SEBON guidelines. Shares held by senior management remain non-tradable.
Key Points
- Sun Nepal Life Insurance Company Limited announced the lock-in period for promoters' and employees' shares will expire on Bhadra 14, 2083.
- The lock-in period was effective since the IPO allotment three years ago.
- The company has 52,827,936 shares listed on the Nepal Stock Exchange, with promoters holding 3,69,79,555 shares and employees holding 7,92,469 shares.
- Shares held by Board of Directors and higher management employees will remain non-tradable after the lock-in period.
