Swet-Ganga Hydropower & Construction Limited (SGHC) has issued a notification regarding the conclusion of the lock-in period for its promoter shares, shares held by local residents in the project vicinity, and those belonging to employees. This lock-in period will come to an end on the 17th of Shrawan, 2082.
In accordance with the recent directives from the Securities Board of Nepal (SEBON), SGHC has formally informed its investors and stakeholders about the impending expiration of the lock-in period for the shares owned by its promoter shareholders, the local populace affected by the project, and its employees. The lock-in period will cease in the forthcoming month on the 17th Shrawan, 2082.
SGHC currently boasts 15,930,000 shares listed on the Nepal Stock Exchange (NEPSE). Out of the total of 15,930,000 shares, the promoters possess 7,300,000 shares, local residents from the project-affected area hold 1,593,000 shares, and the company’s employees retain 796,500 shares, all of which have been under a lock-in duration since the Initial Public Offering (IPO) assignment three years ago.
The overall paid-up capital of the enterprise stands at Rs. 1.59 Arba.
As per the official announcement, the shares owned by the Board of Directors and senior management employees will not be available for trading after the lock-in period concludes.
SGHC has concluded the trading day at Rs. 407.02.
