header banner
ECONOMY

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

KATHMANDU, Dec 7: The Finance Committee under the parliament 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.
By RSS

KATHMANDU, Dec 7: The Finance Committee under the parliament 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.


Related story

Ncell's controversial share sale will be probed: NTA


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 writing 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, discussion was also held in the Public Accounts Committee about the purchase and sale of Ncell stake on Wednesday.

Related Stories
ECONOMY

NTA instructs Ncell to pay Rs 19 billion, warns of...

ECONOMY

KMC instructs all cooperatives within metropolis t...

ECONOMY

PM says govt determined to recover CGT in sale of...

SOCIETY

Asset management of Smart Telecom faces delays; Nc...

ECONOMY

Probe committee formed to investigate sale of Ncel...