Sanjen Jalavidhyut Company Limited (SJCL) Announces Lock-in Period Expiration for Local Residents’ Shares
Exciting news for SJCL investors! Sanjen Jalavidhyut Company Limited has officially announced the expiration date of the lock-in period for shares held by local residents in the project-affected area. This significant event, governed by the Securities Board of Nepal (SEBON) guidelines, opens up new possibilities for these shareholders.
The lock-in period is set to conclude on 28th Kartik, 2082. This marks the end of the restriction on trading 3,650,000 units of SJCL shares held by these residents, a portion of the 36,500,000 units listed on the Nepal Stock Exchange (NEPSE). These shares have been subject to the lock-in since their initial public offering (IPO) allotment three years prior.
However, it’s important to note that as per the official notice, shares held by the Board of Directors and higher management employees will remain non-tradable even after this expiration.
For those tracking the market, SJCL’s stock closed at Rs. 282.40. Keep an eye on Nepal’s stock market and Sanjen Jalavidhyut’s share price as this change unfolds. This event could impact stock trading strategies and is definitely something to watch for those involved in investment in Nepal. Make informed decisions related to your share portfolio. The Nepal Stock Exchange (NEPSE) will be a key indicator.
