KATHMANDU, Aug 8: The lock-in period for the shares of Rasuwagadhi Hydropower is set to expire soon, allowing locals affected by the project to trade their allotted shares from September 13.
The company had distributed 6.84 million shares to residents of the Rasuwa district affected by the project. The three-year lock-in period on these shares will end on September 12, marking the completion of the restriction on trading.
Rasuwagadhi Hydropower had issued the shares to locals on 13 September 2022 . As per regulatory provisions, shares distributed to promoters, employees, and locals cannot be traded until the lock-in period concludes.
Following the end of this restriction, local shareholders will be eligible to sell their shares in the market.
Source: Republica
