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Lock-in period of Reliance Spinning Mills to end from July 1

. Reliance Spinning Mills Limited (RCL) has set aside the lock-in period for the Initial Public Offering (IPO) to the Qualified Institutional Investors (IPIs) to expire from July 17, 2083.

According to the company, 10.14 percent of the issued capital i.e. 1,926,600 units of ordinary shares i.e. 7,TAG_OPEN_div_10 70,640 units were allotted to qualified institutional investors as per Rule 25 (C) Sub-rule (4) of the Securities Registration and Issue Regulations, 2073.

The shares, which were listed on the Nepal Stock Exchange (NEPSE) on February 15, 2082, will have a lock-in period of six months.TAG_OPEN_div_8

The company has issued a public notice informing the regulator, investors and other stakeholders about the expiry of the lock-in period.

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