The lock-in period of a total of 4,307,283 shares of Menchhiyam Hydropower Limited has expired on Baisakh 12. With this expiry, these previously restricted shares are now eligible to enter trading in the secondary market. The locked-in shares include 3,798,083 promoter shares, 505,780 shares allotted to local residents, and 3,240 employee shares.
However, the company has clarified that shares held by directors and employees in managerial positions will continue to remain under lock-in restrictions in accordance with prevailing regulatory provisions.
The company had imposed a three-year lock-in period on these shares, which has now officially ended. As a result, the eligible shares will start becoming tradable from Monday onward, potentially increasing the overall supply of the company’s shares in the market.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
