The lock-in period for 2,81,250 unit shares of Palpa Cement Industries Limited allotted to mutual funds is set to expire on Bhadra 28.
Palpa Cement Industries Limited has announced that the lock-in period for 2 lakh 81 thousand 250 unit ordinary shares allotted to mutual fund schemes will ending on Bhadra 28. After this date, these shares can be traded in the secondary market.
Share Allocation Details of Palpa Cement
The company had allocated 20 percent of its total issued capital of Rs. 3 arba 75 crore for the public, which amounts to Rs. 75 crore. This is equal to 75 lakh unit ordinary shares with a face value of Rs. 100 per share.
Out of that total public portion, 5 percent of the issued capital, which is 18 lakh 75 thousand unit shares, were allocated and distributed to the local residents of the industry-affected area of West Nawalparasi and the mine-affected Palpa district.
Lock-in Period for Mutual Funds
From the remaining 56 lakh 25 thousand unit shares, the company had allocated 2 lakh 81 thousand 250 unit shares for different mutual fund schemes. According to directives of Securities Board of Nepal (SEBON), these shares were put in lock-in for 6 months from the date they were allotted. This lock-in period is now expiring on Bhadra 28.
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.
