Budhanilkantha Heritage Hotel Limited (BHHL) has selected Global IME Capital Limited (GBIMEL) as the manager for Securities Issuance and Sales. The task involves issuing 1,500,000 units (15% of the total issued capital) of ordinary shares to the general public, each with a face value of Rs 100 per share.
On the 23rd of Magh, 2080, Mr. Babu Kaji Karki, the Managing Director representing Budhanilkantha Hotel, and Mr. Mandip Luitel, the Chief Executive Officer representing Capital, signed a bilateral agreement for the issuance of ordinary shares.
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About Budhanilkantha Heritage Private Limited
Budhanilkantha Heritage Private Limited (BHPL) was established in November 2018 as a special purpose vehicle (SPV) with the aim of owning and managing a proposed nine-storied 5-star hotel. The hotel, currently under construction in Budhanilkantha, Kathmandu, will be situated on a plot of approximately 5,820 square meters. This project is managed by Kalash Hospitality Management Group and is one among the many others.
The promoter group consists of professionals including chartered accountants, doctors, and private entrepreneurs. BHPL marks the promoter group's inaugural venture into the hotel industry and is scheduled to commence commercial operations in December 2021.