The lock-in period for over 77 lakh shares of Mid Solu Hydropower Limited is set to expire on Asoj 10, after which these shares will become tradeable.
Trading to Begin After Lock-in Period Ends
Mid Solu Hydropower Limited is soon releasing its locked shares into the market. The lock-in period for 77,63,153 shares of the company is ending on upcoming Asoj 10. Once this period is over, investors and owners can start trading these shares in market.
Breakdown of the Shares
Among the shares that are getting free from the lock-in, the promoter shareholders hold the biggest portion with 68,85,280 shares. Similarly, the local residents of the project-affected area own 8,60,660 shares, and the company employees have 17,213 shares.
Why Were the Shares Locked?
As per the regulatory provision, the shares belonging to promoters, local residents, and employees must be kept in a lock-in period for three years. This three-year period starts from day the company allotted its IPO shares to general public. Since the time limit is completing on Asoj 10, all these shares will became eligible for trading on the stock exchange.
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.
