Kathmandu. An agreement has been signed between Hotel Sarathi Pvt. Ltd. and Citizens Capital Limited for the process of issuing primary shares (IPO). The agreement was signed by the Executive Chairman of the hotel, Prahlad Pyakurel, and the Chief Executive Officer of the capital, Sabir Bade Shrestha, at a special ceremony organized at Hotel Sarathi, Dhulikhel.
Hotel Sarathi will issue 1.5 million ordinary shares worth Rs 150 million, which will constitute 30 percent of the issued capital. After the IPO, the paid-up capital of the company will reach Rs 500 million. The company has appointed Citizens Capital Limited as the share sale manager.
With this agreement, Hotel Sarathi will be listed on the capital market of Nepal within the fiscal year 2082-083. This will provide new opportunities for new investors to invest in companies in the hotel and tourism sector.
Established in 2072 BS, Hotel Sarathi is an established luxury hotel located in the well-known tourist destination of Dhulikhel.
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