Shares of Promoters, Locals, Employees of Panchthar Power Company (PPCL) Being Tradable From Falgun 23
Wed, Feb 23, 2022 2:58 PM on Latest, Stock Market,
The promoter shares and locals' shares of Panchthar Power Company (PPCL) will become tradable from March 06, 2022, i.e. Falgun 23, 2078.
The hydropower development company concluded the allotment process of its IPO issue on March 07, 2019. Shares of promoters, project-affected locals, and employees then went on the locking period. The locking period is expiring on March 06, 2022. Thus, the shares can then be traded.
The IPO issue had received applications from 82,741 applicants who had applied for a total of 3,381,860 units of shares. The issue had been oversubscribed by 1.93 times till the last day of the IPO issue.
On completion of the locking period 77 lakh promoter shares, 1,74,750 shares of locals, and 95,98 shares of employees will become tradable.
