Two major shareholders of Upper Lohore Khola Hydropower Company Limited are going to sell a total of 1,93,500 shares within next three months.
Upper Lohore Khola Hydropower Company Limited has officially informed Nepal Stock Exchange (NEPSE) that two of its basic shareholders want to sell their shares. The company submitted details after receiving formal notices from the concerned shareholders.
Details on Share Quantities and Sellers
According to company, Vrindaban Man Pradhananga wants to sell 93,500 unit shares from his holding. Similarly, another major shareholder Pawan Pyakurel submitted an application expressing his intention to sell 1 lakh unit shares. Together, both shareholders are planning to sell total of 1,93,500 unit shares.
Regulatory Rules and Timeline
Securities Board of Nepal (SEBON) issued a directive on Bhadra 9, 2083 making it compulsory for basic shareholders holding 5 percent or more shares to give a prior notice at least 15 days before selling. Following this rule, both shareholders submitted their applications on Bhadra 30, 2083 expressing their decision to sell shares within coming three months.
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.
