Ankhukhola Jalvidhyut Company (AKJCL) Urges Locals and Promoters to Dematerialize Shares

Tue, Nov 23, 2021 10:13 AM on Latest, Stock Market,

Ankhukhola Jalvidhyut Company Limited (AKJCL) has urged its project-affected shareholders and promoters to dematerialize their shares.

The stakeholders should present their old share certificate at the company's share registrar, Civil Capital Market Limited, Sundhara, Kathmandu. The share registrar will then provide a new share certification, which can be presented at the shareholder's respective Depository Participant (DP) to dematerialize the shares.

The shares of locals and promoters of Ankhukhola Hydropower Company Limited (AKJCL) have completed their locking period. The shares of the company were allotted to the locals of the project-affected area on Ashoj 04, 2075. Thus, shares have completed their locking period on Ashoj 04, 2078. Similarly, the shares were allotted to the general public on Kartik 11, 2075. Since promoter shares had a locking period of 3 years from this date, the promoter shares completed their locking period on Kartik 11, 2078.

As of writing, the ordinary shares of the company (AKJCL) have an LTP of Rs. 340.