Himalayan Reinsurance Limited to End Lock-In Period for 1.5 Million Mutual Fund Shares on 10th Ashadh

Himalayan Reinsurance Limited (HRL) has informed its investors and stakeholders about the upcoming conclusion of the lock-in period for 1.5 million unit shares held by Mutual Funds. According to the latest directives from the Securities Board of Nepal (SEBON), this lock-in period will end on Ashadh 10, 2081.

HRL, which has a total of 104 million units of shares listed on the Nepal Stock Exchange (NEPSE), had allocated 5 percent of its 30 million shares specifically for Mutual Funds. Consequently, 1.5 million unit shares were issued and have been under a lock-in period.

In accordance with SEBON’s directives, these 1.5 million units were placed under a lock-in period, which is set to expire on Ashadh 10, 2081. This information has been communicated to investors and stakeholders.

HRL’s share price closed at Rs. 572.70 yesterday.