Rasuwagadhi Hydropower Announces Conclusion of Lock-in Period for Project-Affected Area Locals on Bhadra 27

Rasuwagadhi Hydropower Company Limited (RHPL) published a notice regarding the expiration of the lock-in period for its residents of the project-affected area. The lock-in period will expire on 27th Bhadra, 2082.

According to the recent guidelines issued by the Securities Board of Nepal (SEBON), Rasuwagadhi Hydropower has officially notified its investors and stakeholders of the conclusion of the lock-in period for the shares held by its residents of the project-affected area. In the next month of the 27th Bhadra, 2082, the lock-in period will end.

RHPL now has 68,421,000 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 68,421,000 units of shares, the residents of the project-affected area had 68,42,000 units of shares, all 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.

RHPL closed at Rs. 326.10.

Notice: