Kathmandu. Nepal Stock Exchange (NEPSE) is set to issue more than 20 million units of shares of two hydropower companies listed on the Nepal Stock Exchange (NEPSE) in the last week of June.
A total of 20,602,765 units of shares of Upper Solu Hydro Electric and Himalayan Hydropower are coming to an end. Solu Hydro has 11.58 million units and Himalayan Hydropower 9 million 21 thousand 115 units.
Upper Solu Hydro’s lock-in period ends on July 29. At the same time, 10 million 192 thousand 500 units of founder shareholders, 39 thousand 150 units of employees of the company and 1.35 million units of shares of project affected locals will be traded.
Similarly, the lock-in period of Himalayan Hydropower will end on July 15. After the lock-in period, 8.7 million units of founder shareholders, 281,750 units of project-affected locals and 39,365 units of shares of employees will be traded.
According to the rules of the Securities Board of Nepal, the shares of the founders, employees and project-affected locals have to be kept in lock-in for three years from the date of ipo allotment of any company. In the case of the office-bearers of the board of directors of the company and employees at the top management level, the shares will be withheld as per the rules.
