Shares Allotted to Locals of Upper Tamakoshi Hydropower (UPPER) Tradable From Today

The shares allotted to the locals of Upper Tamakoshi Hydropower (UPPER) have completed their locking period today, i.e. Kartik 15, 2078. The shares are tradable in the secondary market from today itself.

Shares allotted to locals of a company issuing an IPO are kept frozen for 3 years of locking period. 10% of ordinary shares were allotted to locals. 1,05,90,000 shares were thus allotted to locals on Kartik 14, 2075. Thus, the shares are now freed from the locking period and can be traded from today.

The total listed shares of UPPER is 10,59,00,000 units, in which, 49% shares i.e. 5,18,91,000 units are tradeable now in the secondary market. Remaining 51% promoter shares are held by NEA.

As of writing, the LTP of the hydropower company's ordinary shares stands at Rs. 645.