Lock-in Period of 112,500 Units of Nepal Micro Insurance Shares Held by Mutual Funds to Expire on Bhadra 22

Nepal Micro Insurance Company Limited (NMIC) has announced that the six-month lock-in duration on 112,500 common shares designated for mutual funds will conclude on the 22nd of Bhadra, 2082.

The firm had released a total of 2,250,000 unit shares, which corresponds to 30% of its issued capital amounting to Rs. 75 crores. From this total, 5%, or 112,500 shares, were allocated to mutual funds under a compulsory six-month lock-in condition.

Once the lock-in duration has elapsed, these shares will be available for trading from the indicated date. This announcement is meant to notify all investors and relevant stakeholders accordingly.