Basic Shareholders of Upper Lohore Khola Hydropower Plan to Sell 2 Lakhs Shares

Upper Lohore Khola Hydropower Company Limited has received applications from two of its baisc shareholders intending to sell a total of two lakhs shares within the next three months. The two individuals have formally submitted requests to sell 1,000,00 shares each.

The transaction follows regulatory compliance standards set by the Securities Board of Nepal, which mandate that basic shareholders must notify the company at least 15 days in advance prior to selling 5 percent or more of their holdings shares. The company confirmed receiving the official notification from the involved shareholders on Ashwin 30, 2083.

However, this rules got changes last month but the implementation part becomes so week in Nepal Stock Exchange (NEPSE). Under the revised provision, basic shareholders who held shares at the time of a company's Initial Public Offering (IPO) must notify the respective company at least five trading days in advance if they intend to sell 15% or more of their shareholding after the expiry of the lock-in period.

Under the revised arrangement, the threshold for advance disclosure has been raised from 5% to 15%, while the notice period has been changed from 15 days to 5 trading days.

Revised Guideline of SEBON

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