Himalayan Life Insurance Announces Conclusion of Lock-in Period for Promoters And Employee Shares on 31st Ashadh

Himalayan Life Insurance Limited (HLI) has been formed through the merger of Former Union Life Insurance Company Limited, Gurans Life Insurance Company Limited, and Prime Life Insurance Company Limited. Among these, the company has released the lock-in of Former Union Life Insurance Company Limited.

Himalayan Life Insurance Limited (HLI) published a notice regarding the lock-in period of its promoter and employee shares, which will expire on 31st Ashadh, 2081.

As per the recent guidelines issued by the Securities Board of Nepal (SEBON), Himalayan Life Insurance Limited (HLI) has officially provided notice to its investors and stakeholders on the conclusion of the lock-in period for the shares held by its promoter shareholders, and employees. The lock-in period will end next month on the 31st of Ashadh.

HLI now has 80,203,836 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 80,203,836 units of shares, the promoters held 1,50,50,000 units and the company's employees had 3,22,500 units of shares, all subject to a lock-in period since the IPO allotment three years ago.

The total paid-up capital of the company is Rs. 8.02 Arba.

As outlined in the official notice, the shares held by the Board of Directors and employees at higher management won't be tradable after the lock-in period. Its promoter shares are tradable under promoter shares upon approval from the company and regulatory authority.

HLI closed at Rs. 390.10 yesterday.

Notice: