Yambaling Hydropower Limited has signed an agreement with CDS and Clearing Limited to dematerialize its IPO shares, paving the way for NEPSE listing and secondary market trading.
Yambaling Hydropower Limited’s recently issued IPO shares are set to be converted into dematerialized (demat) form. For this purpose, the company signed a securities dematerialization agreement with CDS and Clearing Limited (CDSC) on Jestha 22.
Following the dematerialization process, the allotted shares will be directly credited to investors’ demat accounts. Afterward, the shares will be listed on the Nepal Stock Exchange (NEPSE), allowing investors to trade them in the secondary market from the day after listing.
The company had issued a total of 17 lakh 43 thousand shares to the general public from Baisakh 16 to Baisakh 22. The IPO allotment was completed on Baisakh 30.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
COMMENTS