The Securities Board of Nepal (SEBON) held a meeting with various investors and stakeholders to talk about the new rule that asks major shareholders to give a 15 day notice before they sell their shares.
Details of the Meeting
SEBON has invited different people to discuss why they made this rule and how it will work in the market. Many well-known figures were present at the meeting to share their thoughts. The participants included Dhanshyam Pandey, Deepak Ratna Shakya, and Tulsi Ram Dhakal from the Nepal Shareholders Association. Also, investor Tilak Koirala and Hari Bahadur KC from the Nepal Share Market Investors Association attended the session.
The New Share Sale Rule
According to the new regulation, any major shareholder of a listed company who wants to sell 5 percent or more of their total holdings must inform the company at least 15 days in advance. Once the company gets this information, they have to publish a public notice through the NEPSE system. This meeting was organized because SEBON wanted to hear the concerns of investors regarding this new policy and talk about the implementation process.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
