Thursday, November 18, 2021
    Nepal Breaking NewsEnergyTrading in the shares of Upper Tamakoshi Hydropower (UPPER) has begun as...

    Trading in the shares of Upper Tamakoshi Hydropower (UPPER) has begun as of today for the locals.

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    Today, Kartik 15, 2078, marks the end of the lockup for the shares to locals in the Upper Tamakoshi Hydropower (UPPER) project. In the secondary market, the shares are already available for purchase as of today.

    During the three-year locking period, shares to locals by company filing an IPO are kept frozen. Locals were given a 10% stake in the company’s common stock. As a result, on Kartik 14, 2075, a total of 1,05,90,000 shares were distributed residents. As result, the shares have been released from the lockup and are now available for trading as of right now.

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    The current LTP for ordinary shares of the hydropower firm stands at Rs. 645 as of the time of writing this article.

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