Rasuwagadhi Hydropower announces lockin period for certain shareholders; Non-conformance will require shareholders to pay fine

Tue, Aug 13, 2019 1:20 PM on Latest, Stock Market,

The shares of Rasuwagadhi Hydropower has been listed in Nepal Stock Exchange (NEPSE) from Shrawan 20, 2076. However, out of all the shares listed, the below shareholders will be subject to a lock in period of 3 years.

  1. Savers of Employee Provident Fund (EPF)
  2. Employees of Nepal Electricity Authority, Chilime Hydropower Company and local level officers of Rasuwa District
  3. Employees of Employee Provident Fund (EPF)
  4. Employees of Rasuwagadhi Hydropower Company

Thus, the above mentioned shareholders will have to hold their shares till 3 years from the date of allotment and if they are traded then the shareholders will have to take responsibility for fines resulting for that.