Kathmandu. The lock-in period of more than 1.537 million units of shares of Abhiyan Laghubitta Financial Institution is coming to an end.
According to the information published by the organization, the lock-in period of 1,537,500 units of shares of this microfinance company is going to end from August 15. The lock-in period of 1,525,000 units of founder shareholders and 12,500 units of shares held by the employees will expire.
Abhiyan Laghubitta had opened the IPO sale from July 15 to August 15, 2018. The IPO allotment was held on August 15. According to the regulatory provision, the shares of the founders and employees of any company have to be kept in lock-in for three years from the date of ipo allotment.
However, officials of the board of directors and management level employees of the company will not be able to buy and sell shares of the company for one year from the date of retirement.
