The lock-in period for 1,67,62,840 shares of Vision Lumbini Urja Company Limited is scheduled to conclude on the upcoming Mansir 4.
Details on the Ending Lock-in Period
The company has shared information that the lock-in restriction for shares owned by promoters, employees, and locals from the project-affected areas is reaching its end. This period was set for three years from the date the shares were allocated to the general public.
Among the shares that are being released from the lock-in, 1.53 crore shares belong to the promoter group. Additionally, 38,250 shares kept for employees and 14,24,590 shares reserved for local residents of the project-affected area are also included in this count. The company announced to be appointing Muktinath Capital Limited as the issue and sales manager for their shares.
When the lock-in period finish, it basically means the shareholders are now allowed to trade their shares in the market according to the existing rules. This is a normal process for companies after their initial share distribution period has passed.
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.
