Buddha Bhumi Nepal Hydropower Announces Conclusion of Lock-in Period for Promoters, Local Residents of the Project-Affected Area, And Employee Shares on Ashwin 21

Buddha Bhumi Nepal Hydropower Company Limited (BNHC) published a notice regarding the expiration of the lock-in period of its promoter shares, employee shares, and residents of the project-affected area will expire on 21st Ashwin, 2081.

As per the recent guidelines issued by the Securities Board of Nepal (SEBON), Buddha Bhumi Nepal Hydropower Company Limited (BNHC) has officially provided notice to its investors and stakeholders on the conclusion of the lock-in period for the shares held by its promoter shareholders, and employees. In the next month of the 21st Ashwin, the lock-in period will end.

BNHC now has 4,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 4,000,000 units of shares, the promoters held 28,00,000 units, the residents of the project-affected area had 4,00,000 units of shares, and the company's employees had 16,000 units of shares, all subject to a lock-in period since the IPO allotment three years ago.

The total paid-up capital of the company is Rs. 40 Crores.

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.

BNHC closed at Rs. 545.00.

Notice: