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An agreement has been signed between Hotel Sarathi and Citizens Capital regarding the appointment of Issuing and Exit Manager for the process of issuing IPO.
During a ceremony held at Hotel Sarathi, Dhulikhel, executive chairman of the hotel Prahlad Pakurel and chief executive officer of Capital Sabir Bade Shrestha signed the agreement. According to the
agreement, Hotel Sarathi will issue 1.5 million ordinary shares worth 15 million rupees, which will be 30 percent of the issued capital. It is said that after the release of the IPO, the company's paid-up capital will reach 50 million rupees.
