Three Star Hydropower Ltd., based in Madhyapur Thimi, Bhaktapur, has announced the completion of the lock-in period for promoter, local resident, and employee-owned shares. The disclosure has been made in accordance with directives issued by the Securities Board and other regulatory authorities.
Company Overview
| Particulars | Details |
|---|---|
| Company | Three Star Hydropower Ltd. |
| Head Office | Madhyapur Thimi, Bhaktapur |
| IPO Issue Date | 2080/03/19 (July 4, 2023) |
| Lock-in Expiry Date | 2083/03/19 (July 3, 2026) |
Shares Under Lock-in
| Category | Shares | Lock-in Completion Date |
|---|---|---|
| Promoter Shares | 3,693,750 | 2083/03/19 |
| Local Residents (Project-Affected Area) | 492,500 | 2083/03/19 |
| Employee Shares | 14,775 | 2083/03/19 |
| Total | 4,201,025 | 2083/03/19 |
Regulatory Compliance
The company has informed the relevant regulatory authorities, including the Nepal Stock Exchange (NEPSE) and CDS & Clearing Ltd., regarding the expiry of the lock-in period. The notice has been published more than 30 days before the lock-in expiration date, as required under prevailing securities regulations.
The company also clarified that shares held by directors and senior management personnel will continue to remain subject to applicable regulatory restrictions.
Official Statement
According to the company, the disclosure has been made to ensure transparency and compliance with capital market regulations. The completion of the lock-in period marks an important milestone following the company's public share issuance in 2080.
Market Impact
The release of approximately 4.20 million shares from lock-in is expected to increase the free-float shares available in the secondary market.
Potential implications include:
- Increased market liquidity.
- Higher trading volumes.
- Improved price discovery.
- Greater participation from investors.
- Enhanced transparency and regulatory compliance.
Conclusion
The expiry of the lock-in period for promoter, local resident, and employee shares represents a significant development for Three Star Hydropower Ltd. With over 42 lakh shares becoming eligible for trading, market participants may witness increased activity in the stock. The announcement also reflects the company's commitment to regulatory compliance and good corporate governance practices.
Latest Finance, Economy & Market Updates
EV Prices Set To Rise After Budget Tax Hike
Electric vehicle prices in Nepal are expected to increase significantly following new tax measures introduced in the FY 2083/84 budget. Industry stakeholders warn that the higher tax burden could affect EV adoption.
PM's Nepal-India Border Remark Triggers Political Debate
Comments made by Nepal’s Prime Minister regarding the Nepal–India border have sparked political controversy and reactions from various parties, reigniting discussions on border and diplomatic issues.
Nepal Rastra Bank Publishes Latest Foreign Exchange Rates
Nepal Rastra Bank has released the latest foreign exchange rates for Monday, providing updated currency conversion values for major international currencies.
Sanigad Hydro IPO Opens For General Public
Sanigad Hydro Limited has opened its Initial Public Offering (IPO) for the general public, giving investors an opportunity to participate in the hydropower company's growth.
Sanigad Hydro Offers 46.74 Lakh Shares To Public
Sanigad Hydro Limited is issuing 46.74 lakh shares to the general public as part of its public offering process, attracting strong interest from retail investors.
Ravi Lamichhane Leaves For Five-Day India Visit
Ravi Lamichhane has departed for a five-day visit to India, where he is expected to participate in meetings and engagements related to bilateral interests.
Wagle Defends Education Fee And Electricity VAT Policies
Swarnim Wagle has defended recent policies related to education fees and VAT on electricity, arguing that the measures are necessary for fiscal sustainability.
Excise Duty Increased On Junk Food, Soft Drinks, Tobacco And Alcohol
The government has increased excise duties on junk food, soft drinks, tobacco products, and alcoholic beverages under the FY 2083/84 budget framework.
Swarnim Wagle Faces Questions Over Budget Policies
Economic analyst and politician Swarnim Wagle is facing scrutiny regarding budget policies and economic decisions that mirror questions he previously raised while in opposition.
Ride-Sharing Ban On Red Plate Motorcycles Announced
The government has prohibited private red-plate motorcycles and scooters from being used in ride-sharing services, affecting app-based transport operators across Nepal.
Wealth Orbit Center – Global Market & Investment Tools
Country-Wise Largest Public Companies (Live Prices & Charts)
- Largest Companies in Argentina
- Largest Companies in Australia
- Largest Companies in USA
- Largest Companies in Austria
- Largest Companies in Brazil
- Largest Companies in Canada
- Largest Companies in Chile
- Largest Companies in China
- Largest Companies in Colombia
- Largest Companies in Cyprus
- Largest Companies in Czech Republic
- Largest Companies in Denmark
- Largest Companies in Egypt
- Largest Companies in Vietnam
Live Market Screeners
📈 Cryptocurrency Market Screener
📊 Forex Market Screener
🔗 Live Forex Currency Screener
More Financial Coverage
🌐 Finance In Your Hand — Nepal stock market, IPOs, economy, banking, and investment news.
🌍 Wealth Orbit Center — Global markets, stocks, crypto, forex, investing tools, and financial education.