Kathmandu. The lock-in period of the founder and reserved shares of Mandakini HydroPower is going to end from July 15. The lock-in period of shares owned by founders, locals and employees is coming to an end from today.
After the end of the lock-in period, an additional 4,845,217 units of shares will be open for trading in the securities market.
The Securities Board of Nepal had issued a circular on November 1, 2018, directing the general public not to buy and sell shares in the securities market until the end of three years from the date of allotment of shares. Due to this directive, the founding shareholders, locals and employees who had invested in the shares of Mandakini Hydropower could not sell shares in the second market.
Now after the end of the lock-in period, these shares will also be bought and sold in the securities market. A total of 6,467,671 units of shares worth Rs 100 each of Mandakini Hydropower are listed on the stock exchange.
