Basic Shareholders of Upper Lohore Khola Hydropower Plan to Sell 2 Lakhs Shares
Summary
Upper Lohore Khola Hydropower Company Limited has received applications from two basic shareholders to sell a total of 2 lakh shares over the next three months. The sale comes under revised Securities Board of Nepal rules that change disclosure thresholds and notice periods for large share transfers.
Key Points
- Upper Lohore Khola Hydropower Company Limited received applications from two basic shareholders to sell 2 lakh shares in total.
- Each shareholder has requested to sell 1,00,000 shares.
- The sale follows Securities Board of Nepal rules requiring advance notice for large share transfers.
- The revised provision raises the disclosure threshold from 5% to 15% and shortens the notice period from 15 days to 5 trading days.
