Reliance Spinning Mills Over 57,000 Shares to Be Unlocked as Lock-in Period Ends
The lock-in period for over 57,000 shares allocated to mutual funds in Reliance Spinning Mills Limited is set to expire in the coming month, enabling trading of these shares in the secondary market.
The lock-in period for shares of Reliance Spinning Mills Limited allocated to mutual funds is set to expire in the month of Ashar.
According to the company, a total of 57,798 units of shares held under the mutual fund category will be unlocked on Ashar 18.
The company had completed its IPO allotment on Poush 18, 2082. As per prevailing regulations, shares allocated to mutual funds under the IPO must remain under a lock-in period for six months from the date of allotment.
Following this regulatory requirement, the lock-in period for these shares is now nearing completion, allowing them to become eligible for trading in the secondary market.
Once the lock-in expires, mutual fund holders will be able to freely trade the shares, which may increase liquidity and market activity for the stock.