Kathmandu. The lock-in period of 112,000 units of shares of Guardian Micro Life Insurance is set to end on Sunday. The company’s share registrar Himalayan Investment Banker issued a notice today informing that the lock-in period of 112,500 units of shares of Guardian Micro Life, allocated to the collective investment fund, is coming to an end.
Guardian Micro Life had issued 2.25 million units of IPO comprising 30 per cent of the issued capital of Rs 750 million. Of these, 112,500 units have been allotted to mutual funds.
There is a provision to keep the shares distributed to the collective investment fund in lock-in for six months from the date of IPO allotment.
