The three-year lock-in period on shares of Mandakini Hydropower Limited allotted to founders, locals, and employees will end on Shrawan 16, allowing more than 48 lakh shares to be traded in the secondary market.
The shares of Mandakini Hydropower Limited that were allotted to its founders, project-affected local residents, and employees will become tradable in Nepal’s secondary market starting from Shrawan 16, 2082. This follows the completion of a mandatory three-year lock-in period, as required by regulatory guidelines.
According to the rules, shares distributed to founders, employees, and locals must remain locked for three years from the date of IPO allotment. Mandakini Hydropower had issued its Initial Public Offering (IPO) to the general public on Shrawan 17, 2079. With the end of the three-year period approaching, shareholders from these groups will now be eligible to sell or transfer their shares on the stock market.
In total, 48 lakh 45 thousand 217 units of shares will be unlocked and available for trading. This includes 41 lakh 70 thousand 597 units held by the founders, 6 lakh 48 thousand 762 units allotted to project-affected local residents, and 25 thousand 858 units given to employees. The release of this large volume of shares into the secondary market could influence trading activity once the lock-in officially expires on Shrawan 16.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
