Lock-in Period for Over 4.8 Million Shares of Mandakini Hydropower Expires Today, Trading to Open in Secondary Market

The lock-in period for a total of 4,845,217 shares of Mandakini Hydropower Limited is expiring today, Shrawan 16.

This includes 4,170,597 shares held by the company’s promoter shareholders, 648,762 shares by local residents, and 25,858 shares held by company employees—all of which were under lock-in restriction.

The company had issued and allotted its IPO on Shrawan 17, 2079. As per regulatory provisions, such shares must remain locked for three years from the date of allotment.

With the expiry of the lock-in period, these shares can now be traded on the secondary market. However, shares held by board members and senior executives of the company will still remain restricted from sale.