Ru Ru Jalbidhyut Pariyojana Announces Conclusion of Lock-in Period for Promoters, Employee And Project-Affected Shares on Baishakh 3

Ru Ru Jalbidhyut Pariyojana Limited (RURU) published a notice regarding the expiration of the lock-in period of its promoter employee shares and shares of the project-affected local will expire on 3rd Baisakh, 2081.

As per the recent guidelines issued by the Securities Board of Nepal (SEBON), Ru Ru Jalbidhyut Pariyojana Limited (RURU) 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, employees and local residents of the project-affected. In the next month of the 3rd Baisakh, the lock-in period will end.

RURU now has 4,933,237 units of shares listed on the Nepal Stock Exchange (NEPSE). Within the total of 4,933,237 units of shares, the promoters held 39,45,888 units, the company's employees had 9,858 units, and project-affected locals retained 4,89,245 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. 49.33 Crore.

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.

RURU closed at Rs. 718.00 yesterday.

Notice: