Kathmandu. The lock-in period of more than 3.5 million units of shares of Upper Hewakhola Hydropower is coming to an end.
Issuing a notice today, the company informed that the lock-in period of 3.53 million units of shares will end on July 15. Of these, 3 million units are owned by the founder shareholders, 30,000 units of employees and 500,000 units of shares of local residents.
There is a provision to keep the shares of founders, locals and employees in lock-in for three years from the date of ipo allotment of any company. However, even after the lock-in period is over, the company’s board of directors and employees at the top management level will not be able to buy and sell.
