Chandragiri Hills Announces Conclusion of Lock-in Period for Promoters, Project-Affected Locals, and Employee Shares on Magh 08

Chandragiri Hills Limited (CGH) has formally notified its esteemed investors and stakeholders regarding the imminent conclusion of the lock-in period for shares held by promoters, project-affected locals, and employees, in accordance with the recent guidelines issued by the Securities Board of Nepal (SEBON). The lock-in period is set to conclude on the 8th of Magh, 2080 (22nd of January 2024).

CGH, a prominent entity has 15,340,910 units of shares listed on the Nepal Stock Exchange (NEPSE). The company had issued 3,06,819 units of IPO shares to project-affected locals of Chandragiri Nagarpalika in Kathmandu District and Thaha Nagarpalika in Makwanpur District between Mangsir 17 and Poush 01, 2077. Additionally, 15,34,091 units of IPO shares were issued to the general public from Poush 24-28, 2077. The IPO allotment for the general public was successfully concluded on Magh 09, 2077.

With the passage of time, the lock-in period for shares held by promoters, project-affected locals, and employees is set to conclude on the 8th of Magh, 2080, marking three years since the IPO allotment.

As outlined in the official notice, the total lock-in shares for the resumption of regular trading are as follows:

1) Promoters: 1,35,00,000 units of shares
2) Employees: 61,364 units of shares
3) Project-Affected Locals: 306,819 units of shares

As of the first quarter of the fiscal year 2080/81, CGH has reported a net profit of Rs. 2.13 Crores. As of December 21, 2023, the Last Traded Price (LTP) for Chandragiri Hills Limited (CGH) stands at Rs. 1,096.

The list of major shareholders of Chandragiri Hills Limited (CGH) is as follows: