Lock-in Period for Snow Rivers Shares Held by Mutual Funds Ends Next Month
Summary
Snow Rivers Limited says the six-month lock-in period for shares allocated to mutual funds will end on Mangsir 11, 2083 BS. The shares were set aside during the company’s public offering under mutual fund rules.
Key Points
- Snow Rivers Limited has announced that the mandatory six-month holding period for mutual fund shares will end on Mangsir 11, 2083 BS.
- The shares were originally allocated during the company's public offering on Jestha 12, 2083 BS.
- Under Rule 46 of the Mutual Fund Rules 2067, 46,875 shares worth Rs. 4,687,500 were reserved for investment funds and locked in.
