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KATHMANDU, June 16: Within a month, the lock-in period for the shares held by founders, project-affected locals, and employees of five hydropower companies will come to an end.
From the day after the lock-in period expires, these shares will be traded like ordinary shares at the prevailing market price. This may lead to an increase in the number of shares in circulation, which poses the risk of a price decline. Considering this risk, companies have been issuing public notices one month in advance, as per the directive of the regulatory body, the Securities Board of Nepal (SEBON).
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The lock-in period is set to end within Asar month (mid-June to mid-July) for shares of the following five companies: Bindhyabasini Hydropower Development Company Limited (BHDC), Dordi Khola Jal Bidyut Company Ltd (DKJBCL), Himalayan Hydropower Limited, Upper Solu Hydro Electric Company, and Upper Hewakhola Hydropower Company Limited.
For Bindhyabasini Hydropower alone, the lock-in period for a total of 9.671 million shares held by founders, employees, and project-affected locals is set to end today, Monday.
Similarly, the lock-in period for a total of 8.412 million shares of Dordi Khola Jal Bidyut Company, held by founders, project-affected locals, and employees, will end on Asar 7. For Himalayan Hydropower Company, the lock-in period for a total of 9.021 million shares held by founders, project-affected individuals, and employees will end on July 11.
The lock-in period for a total of 11.58 million shares of Upper Solu Hydro Electric Company will end on July 13. For Upper Hewakhola Company, the lock-in period for a total of 3.5 million shares held by founders, employees, and locals will end on July 15.
