lock-in Rule for private equity By SEC

milanka at 14h28
07
Feb
2011
lock-in Rule for private equity By SEC

Sri Lanka's markets regulator has imposed a one-year 'lock-in' period for the sales of shares given to private equity investors in a company before a listing, a statement said.

Shares allotted to investors within a period of one year prior to listing on the Colombo Stock Exchange shall be locked-in for a year from the date of allotment of such shares, the statement from the Securities and Exchange Commission said.

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07/02/2011 at 14h28 by "milanka"