Himalayan Hydropower Limited (HHL) has announced the end of the lock-in duration for its promoter and employee shares, which will conclude on the 27th of Ashadh, 2082.
In line with the latest regulations issued by the Securities Board of Nepal (SEBON), Himalayan Hydropower Limited (HHL) has formally informed its investors and stakeholders about the impending end of the lock-in phase for shares owned by its promoter shareholders and staff. The lock-in period will finish next month on the 27th of Ashadh, 2082.
HHL currently has 10,950,000 shares available on the Nepal Stock Exchange (NEPSE). Out of this total of 10,950,000 shares, promoters possess 8,700,000 units, residents from the project-affected regions hold 281,750 shares, while the employees of the company retain 39,365 shares, all of which have been under a lock-in condition since the company’s IPO allocation three years ago.
The company’s total paid-up capital amounts to Rs. 1.09 Arba.
As specified in the official announcement, shares owned by the Board of Directors and upper management employees will not be tradable following the end of the lock-in period.
HHL’s stock closed at Rs. 402.28.
