Bandipur Cable Car and Tourism Limited (BANDIPUR) has informed investors and stakeholders that the lock-in period for ordinary shares allocated to mutual funds will expire on Falgun 29, 2082. Following the completion of the mandatory lock-in period, the shares will be eligible for trading in the secondary market from the same date.
Details of Issued Capital and Share Allocation
The company has an issued capital of Rs. 2.83 Arba, represented by a total of 43,41,080 ordinary shares. As per regulatory provisions, 5 percent of the total issued shares, equivalent to 2,64,700 units, were allocated specifically to mutual funds at the time of issuance. These shares were subject to a compulsory six-month lock-in period, during which trading was restricted.
Trading Eligibility After Lock-in Expiry
With the conclusion of the lock-in period on Falgun 29, 2082, the mutual fund-held shares will become freely tradable in the market. The company clarified that the release of these shares is a routine regulatory process and does not involve any additional issuance or dilution of share capital.
Investor Information and Market Transparency
The disclosure has been made in accordance with existing securities regulations to ensure transparency and to keep investors adequately informed about potential changes in tradable share volumes. Market participants often closely monitor lock-in expiries, as they may influence short-term liquidity and trading activity.
Bandipur Cable Car and Tourism Limited stated that this notice is issued for the information of all investors, regulatory bodies, and concerned stakeholders.
