Mandu Hydropower Limited is set to complete the lock-in period for its 1 crore 22 lakh 22 thousand 553 unit shares on Bhadra 23.
Mandu Hydropower Limited is ending lock-in period of its 1 crore 22 lakh 22 thousand 553 units of shares on upcoming Bhadra 23. After this lock-in period finish, these shares owned by promoters, local residents of project-affected area, and company employees will become open for trading in stock market.
Breakdown of the Shares
Out of total shares whose lock-in period is ending, promoter shareholders own major portion of 1 crore 20 lakh units. Similarly, local residents from project-affected areas hold 1 lakh 93 thousand 700 units and employees of company hold 28 thousand 853 units of shares.
The Lock-in Rules and Dates
According to securities rules, shares belonging to promoters, local residents, and employees must be kept in lock-in for three years. This time starts from date when the company allotted IPO to general public.
Mandu Hydropower had allotted IPO to general public on Bhadra 24, 2082. Based on that date, the three-year lock-in period of these shares is going to complete on Bhadra 23, 2085.
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.
