Muktinath Krishi Company Set to Conclude Lock-in Period for 70,000 Units Mutual Fund Shares On 18th Jestha
Thu, May 2, 2024 11:37 AM on Latest, NEPSE News,
Muktinath Krishi Company Limited (MKCL) has notified its investors and stakeholders regarding the impending conclusion of the lock-in period for 70,000 unit shares held by Mutual Funds. Following the latest directives from the Securities Board of Nepal (SEBON), this lock-in period is set to expire on the 18th of Jestha, 2081.
MKCL, boasting a total of 7,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE), allocated 5 percent of 14,00,000 shares exclusively for Mutual Funds. Consequently, 70,000 unit shares were issued and are presently under the lock-in period.
As per SEBON's directives, these 70,000 units were subjected to a lock-in period, which is slated to conclude on 18th Jestha, 2081, as communicated to investors and stakeholders.
MKCL closed at Rs. 872.00.