The lock-in period for 41,250 shares of Kalinchowk Hydropower Limited, which were allocated to mutual funds, is ending on Kartik 6, 2083.
Kalinchowk Hydropower Limited has announced that the lock-in period for its shares reserved for mutual funds is going to expire soon. This is in line with directives from Securities Board of Nepal regarding shares issued to mutual funds during public offering.
According to Rule 46 of Mutual Fund Regulations, 2067, company had allocated 5 percent of total shares for mutual funds. This amount to 41,250 shares, which is worth Rs. 41 lakh 25 thousand.
These shares were allotted on Baisakh 7, 2083. The lock-in period was set for six months from allotment date. The company announced that this lock-in period will ends on Kartik 6, 2083, after which the shares can be traded in market.
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.
