The lock-in period for 47,000 shares of Apollo Hydropower Limited reserved for mutual funds is reaching its end date.
Details of the Share Lock-in
Apollo Hydropower Limited has shared information regarding the 47,000 ordinary shares that were kept for collective investment funds. These shares represented 5 percent of the total ordinary shares issued to the public with the approval from the Securities Board of Nepal.
The company had distributed the shares to the general public on Baisakh 11, 2083. According to the rules, shares reserved for these funds must stay in a lock-in period for 6 months from the date of the general share allotment.
Because of this regulation, the company announced that the lock-in period for these 47,000 units of share will finish after Kartik 10, 2083. Once this date passes, the shares will be free from the lock-in restriction.
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.
