The lock-in period for over 54 lakh shares of Manakamana Engineering Hydropower Limited is ending in the month of Bhadra.
Manakamana Engineering Hydropower Limited has announced that more than 54 lakh units of its shares will be free from the lock-in period from coming Bhadra. According to company, lock-in period for total of 54,23,380 unit shares will end after Bhadra 2.
Breakdown of the Shares
Among the shares that are coming out of lock-in period, 52 lakh shares belong to promoter group. Similarly, 1,83,380 shares are those that were allocated for local residents, and remaining 40,000 shares were kept for employees of the company.
Restrictions on Board and Management
However, the company clarified that board of directors and top level management employees cannot trade their shares. They will not be allowed to buy or sell their shares till the time specified by current securities rules and regulations.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
