HRL Announces End of Lock-In Period for 1.5 Million Mutual Fund Shares

HRL Announces End of Lock-In Period for 1.5 Million Mutual Fund Shares
AspectDetails
Company NameHimalayan Reinsurance Limited (HRL)
Total Shares on NEPSE104,000,000 units
Shares Allocated for Mutual Funds3,000,000 units (5%)
Shares under Lock-in Period1,500,000 units
Lock-in Period Expiry Date10th Ashadh, 2081
Governing BodySecurities Board of Nepal (SEBON)

Himalayan Reinsurance Limited (HRL) allocated 3,000,000 shares specifically for mutual funds, 5 percent of its total shares i.e. 104,000,000 listed on the Nepal Stock Exchange (NEPSE). Following the directives of the Securities Board of Nepal (SEBON), these 1,500,000 shares have been under a lock-in period. HRL has now communicated to its investors and stakeholders that this lock-in period will conclude on the 10th of Ashadh, 2081.

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