Issuing a notice, the company informed that the lock-in period for mutual funds will expire on coming August 29.
Out of the total issued shares to the general public, 5 percent i.e. 71,100 units of shares are currently locked-in. As per the directive of the Securities Board of Nepal, such shares cannot be sold for 6 months from the date of allotment. This lock-in period started on February 26.
Ridge Line Energy is developing 9.05 MW Super Chepe Hydropower Project in Lamjung District. The total issued capital of the company stands at Rs 1.18 billion. The share registrar of the company is Prabhu Capital Limited.
