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Two founders of Upper Lohore Khola to sell 2 lakh units of shares

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Kathmandu. The two promoter shareholders of Upper Lohore Khola Hydropower Company Limited will sell their shares. Bindiya Pradhananga and Sarala Devi Pradhananga will sell their shares.

According to the company’s information to the Nepal Stock Exchange (NEPSE), the promoter Bindiya Pradhananga and Sarala Devi Pradhananga are selling 100,000 units of shares.TAG_OPEN_div_18

TAG_OPEN_div_16 According to the company, both the shareholders have submitted an application with the intention of selling the shares within the next three months. The application was received by the company on October 30.

As per the directive issued by the Securities Board of Nepal (SEBON) on August 22, 2083, the primary shareholders of the company are required to inform the shareholders 15 days in advance before selling their 5 percent or more shares.TAG_OPEN_div_14

According to the same provision, the company has informed NEPSE about its intention to sell the shares.TAG_OPEN_div_12

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