Upper Hewakhola Hydropower Promoter Shareholder to Sell 452,533 Shares
Summary
Upper Hewakhola Hydropower Company Limited has disclosed that major shareholder Sudip Ghimire plans to sell 452,533 shares within the next three months. The notice was filed with NEPSE under Securities Board of Nepal rules requiring advance disclosure of large promoter share sales.
Key Points
- Upper Hewakhola Hydropower Company Limited informed NEPSE that promoter shareholder Sudip Ghimire plans to sell 452,533 shares.
- The company received Ghimire’s written application on Bhadra 15, 2083 and disclosed it the same day.
- The notice follows Securities Board of Nepal rules requiring promoter shareholders to inform the company before selling 5% or more of their holdings.
- The disclosure was made to comply with regulatory requirements and inform investors about the proposed transaction.
