Kathmandu. The lock-in period of 4.32 million units of shares of River Falls Power is set to end on May 15. A total of 4,324,600 units of shares of the company’s founders, project-affected locals and employees are going to end from today.
Of these, 3.57 million units are of the founder shareholders, 700,000 units of project-affected locals and 54,600 units of employees.
The company had opened the IPO sale for the general public from May 29 to May 15, 2018. The IPO was allotted on May 29, 2019.
According to the regulatory provisions, the shares of founders, locals and employees should be locked in for three years from the date of allotment of the IPO to the general public. Only after that, there is a provision to open the lock-in of the shares of these groups.
