Lock-in Period of Crest Micro Life Insurance’s 125,500 Shares to Open on Ashoj
Kathmandu – The lock-in period for 125,500 shares of Crest Micro Life Insurance Limited is set to open on Ashoj 5 (September 21).
Out of the company’s 2.25 million IPO shares issued to the public, 112,500 shares (5 percent) were allocated to Mutual Funds. As per regulations, Mutual Fund allocations are subject to a six-month lock-in period, resulting in these shares concluding on Ashoj 5 (September 21).
However, the shares allocated to the founders, employees, and project-affected groups are required to remain under a lock-in period for three years, as per provisions.