Akama Hotel has expressed its commitment to further involve the general public by considering plans to issue IPO shares soon.
The share capital of the company is 36.71 Crores.
The financial details will be submitted to the Nepal Rastra Bank and, upon approval, presented in the general meeting.
The company is currently working on the construction of a 5-MW Rukumgadh Hydropower Project.
To meet the increased capital requirement, these companies may explore options such as issuing rights shares and distributing bonus shares, among other alternatives.
A total of 29 companies made positive changes while 215 companies declined on their rate. 3 companies were unchanged.
5,340 applicants were allotted company shares through the IPO at a rate of 50 shares per person.
As of Poush, the company's capital is Rs. 68.75 Crores, with an E.P.S of Rs. 13.40 and a net worth of Rs. 97.23.
The Nepal Stock Exchange (NEPSE) Index has a gain of 14.88 points, or 0.70 %, over the previous day's closing to conclude at 2,119.61 points.
The distribution of dividends is subject to approval from the Nepal Rastra Bank, and once approved, the company will proceed with the distribution after the upcoming annual general meeting.
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