Over 4.3 Million Shares of Menchhiyam Hydropower Exit Lock-in; Trading to Begin Monday
Menchhiyam Hydropower Limited has unlocked over 4.3 million shares, which will be available for trading in the secondary market starting Monday.
The lock-in period for 4.3 million shares of Menchhiyam Hydropower Limited has officially ended as of Baisakh 12.
The unlocked shares include 3.79 million units held by promoters, 505,780 shares allocated to local residents, and 3,240 shares reserved for employees.
However, shares held by directors and employees in managerial positions will remain restricted as per existing regulations.
With the completion of the three-year lock-in period, these shares will now be available for trading in the secondary market starting Monday via the Nepal Stock Exchange.
Market analysts suggest that the entry of such a large volume of shares could create short-term price pressure, although it may improve liquidity in the market.