The lock-in period for 1 lakh 5 thousand ordinary shares reserved for mutual funds in Yambaling Hydropower Limited is coming to an end on Kartik 29.
Details of the Share Lock-in
Yambaling Hydropower Limited announced that the lock-in period for 5 percent of its ordinary shares, which was specifically allocated to mutual funds, will finish on Kartik 29. These shares were distributed during the company’s public issuance on Baisakh 30, 2083. At an face value of Rs. 100 per share, the total worth of these shares is 1 crore 5 lakh rupees.
Early Release of Some Shares
Even though the lock-in is ending, the company mentioned that some shares were released earlier. Because one of the mutual fund schemes already matured, 995 shares belonging to that scheme were freed before the official date. This action was taken based on the rules mentioned in a letter from the Securities Board of Nepal dated Kartik 20, 2080. The company said this process followed all the guidelines that they was provided by the board.
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.
