Heads Up: Locals and Promoter Shares of Ankhukhola Hydropower (AKJCL) About to Complete Locking Period

The shares of locals and promoters of Ankhukhola Hydropower Company Limited (AKJCL) are on verge of completing their locking period. The shares can be freely traded in NEPSE on completion of the locking period.

The shares of the company were allotted to the locals of the project-affected area on Ashoj 04, 2075. Thus, shares will complete their locking period on Ashoj 04, 2078. Similarly, the shares were allotted to the general public on Kartik 11, 2075. Since promoter shares have a locking period of 3 years from this date, the promoter shares will complete their locking period on Kartik 11, 2078.

At present out of 80 lakh units only, 13.76 lakh units are tradeable of AKJCL, post completion of locking period all 80 lakh units can be freely tradeable in the secondary market.

The shares can be traded in NEPSE from the very next trading day after they complete their locking period. As of writing, the ordinary shares of the company have an LTP of Rs. 386.10.