Asian Hotel Appoints Muktinath Capital as Sales & Issue Manager Ahead of Rs. 35 Crore IPO
Summary
Asian Hotel in Bhairahawa plans to raise Rs. 35 crore through an IPO managed by Muktinath Capital, aiming to upgrade facilities and expand to major Nepali cities.
Key Points
- Asian Hotel is issuing 35 lakh ordinary shares via IPO to raise Rs. 35 crore.
- Muktinath Capital Limited has been appointed as the sales and issue manager for the IPO.
- Funds raised will upgrade hotel facilities to five-star standards and develop sports and fitness infrastructure.
- Asian Hotel plans future expansion to major Nepali cities: Pokhara, Kathmandu, and Chitwan, promoting local employment and tourism.
