ENL Faces Promoter Share Selling Pressure as 2 More Shareholders Eye Exit Today
Summary
Emerging Nepal Limited is facing selling pressure as nine major promoter shareholders have informed the company of plans to offload 1,219,790 shares within the next three months. SEBON rules require shareholders planning to sell 5% or more of their holdings to notify the company at least 15 days in advance.
Key Points
- Nine major promoter shareholders of Emerging Nepal Limited have notified the company of plans to sell shares within the next three months.
- The latest sellers include Jib Nath Lamichhane and Bishal Agrawal, adding to earlier announcements from seven other shareholders.
- The total planned sale amounts to 1,219,790 promoter shares.
- SEBON rules require shareholders intending to sell 5% or more of their holdings to inform the company 15 days in advance.
