Barahi Hydropower Announces Conclusion of Lock-in Period for Promoters, Project-Affected Area Locals and Employee Shares on Poush 1

Barahi Hydropower Public Limited (BHPL) published a notice regarding the expiration of the lock-in period of its promoters, local residents of the project-affected area, and employee shares, and the lock-in period will expire on 1st Poush, 2082.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Barahi Hydropower Public Limited (BHPL) has officially notified its investors and stakeholders of the conclusion of the lock-in period for the shares held by its promoters, residents of the project-affected area, and employee shares. In the next month of the 1st Poush, 2082, the lock-in period will end.

BHPL now has 2,500,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Of these, the promoters held 18,00,000 units, the residents of the project-affected area 1,46,000 units, and the company's employees 11,080 units. These shares have been subject to a lock-in period since the IPO allotment three years ago.

As outlined in the official notice, the shares held by the Board of Directors and employees at higher management won't be tradable after the lock-in period.

BHPL closed at Rs. 665.00.

Notice: