Nyadi Hydropower Announces Conclusion of Lock-in Period for Promoters, Local Residents of the Project-Affected Area, And Employee Shares on Kartik 04

Mon, Sep 16, 2024 2:10 PM on Latest,

Nyadi Hydropower Limited (NYADI) has announced that the lock-in period for its promoter shares, employee shares, and shares held by residents of the project-affected area will conclude on 4th Kartik, 2081.

In accordance with recent guidelines from the Securities Board of Nepal (SEBON), NYADI has notified its investors and stakeholders about the end of the lock-in period for 1,27,95,000 units of shares held by the company’s promoters, employees, and residents of the project-affected area. From 4th Kartik, 2081, these shares will be released from lock-in restrictions.

NYADI currently has 15,000,000 units of shares listed on the Nepal Stock Exchange (NEPSE), with a total paid-up capital of Rs. 1.50 Arba.

However, shares held by the Board of Directors and higher management employees will remain non-tradable post-expiration of the lock-in period.