Lock-in Period of Over 100,000 Shares in Nepal Micro Insurance Company Ends

The lock-in period of more than 100,000 shares of Nepal Micro Insurance Company has ended today (Bhadra 22). Out of the company’s total 2.25 million issued shares, 5 percent — or 112,500 shares — had been allocated to mutual funds, which were under a mandatory lock-in provision.

The company had issued 1.845 million shares to the general public at a face value of Rs. 100 per share from Falgun 11 to Falgun 15, 2081 BS, with allotment completed on Falgun 23.

As per regulations, shares allocated to mutual funds must remain under lock-in for six months from the date of allotment. With this period now completed, those shares are eligible for trading in the secondary market starting today.