Kathmandu. Around 9.7 million units of shares of Vindhyavasini Hydropower Development Company are likely to be issued.
A total of 9,671,088 units of shares of the company’s founders, employees and project-affected locals are scheduled to expire on July 15. Of these, 8,473,500 units are owned by the founders, 67,788 units of employees and 1,129,800 units of project-affected locals.
A total of 11.29 million units of shares of Vindhyavasini Hydropower are registered with the Securities Board. There is a provision to keep the general public ipo of any company in lock-in for three years from the date of allotment.
However, in the case of directors of the company and executive employees in the top management positions of the company, the company has clarified that the shares will be withheld as per the rules.
