Mandakini Hydropower Limited (MHL) has issued an announcement concerning the conclusion of the lock-in period affecting its promoters, local inhabitants of the project-impacted area, and employee-held shares. This period will come to an end on the 16th of Shrawan, 2082.
In accordance with the latest directives from the Securities Board of Nepal (SEBON), Mandakini Hydropower has formally informed its investors and stakeholders regarding the termination of the lock-in period for shares owned by its promoters, local residents of the project-affected vicinity, and employee shares. The lock-in period is set to conclude next month on the 16th of Shrawan, 2082.
MHL currently lists a total of 64,67,671 share units on the Nepal Stock Exchange (NEPSE). Out of the total, promoters possess 41,70,597 units, residents of the affected region own 648,762 units, and the employees hold 25,858 units, all of which have been bound by a lock-in period since the IPO distribution three years ago.
As specified in the official announcement, shares owned by the Board of Directors and senior management employees will remain non-tradable following the lock-in expiration.
MHL’s share price stood at Rs. 573.65.
