A key shareholder of Manakamana Engineering Hydropower Limited named Ram Prasad Timalsina has submitted an official notice to sell his 4,60,208 units of shares.
Ram Prasad Timalsina, who is a foundational shareholder of Manakamana Engineering Hydropower Limited, decided to sell his portion of company shares. He has officially informed the company about his plan to sell 4,60,208 units of shares.
The company informed that Mr. Timalsina submitted his application for selling the shares on Ashoj 22. He is planning to complete this selling process within the next three months.
Rules for Selling Shares
According to the instructions given by the Securities Board of Nepal, the main shareholders of a company must provide information 15 days before they plan to sell 5 percent or more of their total shares. This rule helps to make the share market more clear for everyone and people who invest in the stock exchange.
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.
