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Finance Committee directs NTA to submit details on sale of Ncell shares within 15 days

Khabarhub

December 6, 2023

2 MIN READ

Finance Committee directs NTA to submit details on sale of Ncell shares within 15 days

The Finance Committee Meeting/File photo.

KATHMANDU: The Finance Committee under the House of Representatives has directed the Nepal Telecommunications Authority (NTA) to submit the details with factual information within 15 days on the issues relating to sale of Ncell shares.

The Committee enquired about the issue after calling the NTA for the discussion on Wednesday.

After the discussion, Committee Chairperson Santosh Chalise mentioned that they asked the NTA to submit the details of factual information about the sale and purchase of Ncell share in written within two weeks.

In the meeting, NTA Chairperson Purushottam Khanal shared that a letter was received from the Ncell Axiata Limited, a private mobile service provider based in, that it would provide the details of sale and purchase of Ncell share soon as it was collecting documents in this regard.

“On December 1, the NTA had written to Ncell, seeking details of the sale and purchase of its shares, and received the response from the company on December 5. The process of collecting related documents is underway and it would be submitted to the respective body within the existing laws of Nepal”, he added.

Similarly, a discussion was also held in the Public Accounts Committee about the purchase and sale of Ncell stake today itself.

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