Skyline Infra, headquartered in Birgunj, has successfully concluded its Extraordinary General Meeting (EGM).
Skyline Infra, based in Birgunj, has decided to issue 20% IPO to the public following its Extraordinary General Meeting
Skyline Infra, headquartered in Birgunj, has successfully concluded its Extraordinary General Meeting (EGM).
Chaired by Chairman Pratik Agrawal, the meeting approved a major decision to issue 20% of the company’s shares to the general public through an IPO. The board of directors has been granted full authority to proceed with all IPO-related processes.
The meeting also decided to authorize the board to sell remaining promoter shares at a premium price.
The company operates a hotel infrastructure featuring a 60-room capacity, restaurant, banquet hall, conference facilities, and a rooftop restaurant. The hotel is managed by the Indian hospitality chain Sarovar Hotels.
Operational since 2081 BS, the hotel has reported profits in FY 2081/82, and the company’s net worth remains positive.
With a total issued capital of NPR 1.75 billion, the company plans to issue 3.5 million shares worth NPR 350 million, representing a 20% public offering.