Thamel Plaza Hotel Calls SGM to Deliberate IPO Issuance and Right Shares
Thu, May 16, 2024 10:12 AM on Latest, Dividend, Bonus & Rights, IPO/FPO News, AGM/Special AGM, Book Closure,
Thamel Plaza Hotel & Suites Limited called its SGM on 19th Jestha, 2081. The meeting will be held in the Thamel Plaza Hotel & Suites Limited, Thamel, Kathmandu, starting at 10:00 AM.
Among the other agendas, there is an agenda with a proposal to issue an IPO to the general public and to discuss the issuance of the right shares to the existing shareholders.
CARE Ratings Nepal Limited (CRNL) has placed the ratings of ‘CARE-NP BB’ assigned to the long-term bank facilities and ‘CARE-NP A4’ assigned to the short-term bank facilities of Thamel Plaza Hotel & Suits Private Limited (TPHS) on ‘credit watch with negative implications’.
Thamel Plaza Hotel & Suits Limited was incorporated on January 05, 2012. The company is setting up a premium hotel property in Thamel, Kathmandu which will operate under the brand name ‘Ramada Encore Kathmandu Thamel’. The hotel has completed its construction with a total of 90 room keys. TPHS is being promoted by 37 shareholders including two institutional promoters and has infused total paidup equity of Rs. 271 Mn as of July 16, 2019.
Jestha 15 is the book closure date. Thus, shareholders maintained before that day can attend the SGM.
