Shares Distributed to Locals of Panchakanya Mai Hydropower (PMHPL) Are Now Tradable; Here's How to Dematerialize Yours

Mon, Apr 19, 2021 11:36 AM on Latest,

The shares for locals of Panchakanya Mai Hydropower Limited (PMHPL) are now tradable. The shares were made tradable from Chaitra 16 of last year.

In order to trade the shares in the secondary market, the locals will have to dematerialize their shares. Dematerialization is the process of digitizing the physical share certificates. This makes the shares easier to be traded between investors. Dematerialization also eliminates the problem of loss and damage of physical certificates altogether since the shares will be stored digitally.

Thus, the share registrar Sunrise Capital has requested the locals to make a Demat account. For starters, a Demat account is used to store shares digitally just like a bank account is used to store money. The locals can make their Demat account from Sunrise Bank Limited's Ilam branch or any Depository Participant that is nearby.

The shares will be dematerialized only after investors present the physical share certificates and DRN received from their Depository Participant. While writing this, PMHPL has an LTP of Rs. 199. 

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