The lock-in period for 1 lakh 49 thousand 32 units of shares belonging to mutual funds in Taksar Pikuwa Khola Hydropower Limited is going to end on Mangsir 5.
Details on Share Lock-in
Taksar Pikuwa Khola Hydropower Limited had kept some shares in a lock-in period following the rules. According to the notice issued by the company on Ashoj 27, 2083, shares distributed to the public must be kept in lock-in for 6 months. This rule applies to shares allotted to mutual funds as well.
The company issued 42 lakh 30 thousand 668 shares to the general public with a face value of Rs 100 each. Out of this total, 1 lakh 51 thousand 533 shares were set aside for mutual funds. As per the letter from the Securities Board of Nepal dated Kartik 20, 2080, these shares are under a 6-month lock-in period. Now, the period for 1 lakh 49 thousand 32 shares will finish after Mangsir 5.
Early Release of Some Shares
The company said that some shares were already released before this date. This happened because two investment schemes of the mutual funds reached their maturity. Because of this, 2 thousand 501 shares were freed early. That is the reason why the remaining number of shares in the lock-in period is now 1 lakh 49 thousand 32 units.
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.
