Kathmandu. The ‘lock-in’ period of Shweta-Ganga Hydropower and Construction Limited is about to end. The lock-in period for the company’s 9,689,500 shares is set to expire on 17th of July.
The lock-in period for the company’s 7.3 million shares held by the founders, 7.96 million shares held by the employees, and 1.593 million shares held by the project-affected local residents is about to expire.
The company has stated that the lock-in period for the 3.851 million shares held by Dolma Impact Fund-I, a foreign investor company under the founders’ group, has expired on 2nd of February 2080.
There is a provision to keep the shares of the founders, employees, and project-affected people locked-in for 3 years after the company issues an IPO and distributes it to the general public.
Once the lock-in period is over, the mentioned shares will be available for purchase and sale. However, the company has informed through a notice that directors and employees working in high management positions will not be allowed to trade.
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