Chhaya Devi Complex To Issue Public Offering (IPO)
March 21, 2022 | Investopaper
Chhaya Devi Complex Limited is in the process of issuing shares to the public (IPO). For this purpose, the company has appointed Prabhu Capital Limited as issue and sales manager.
The agreement for public offering was inked by Mr. Maheshwor Prakash Shrestha, Managing Director of Chhaya Devi Complex Limited and Mr. Dinesh Thakai, Managing Director of Prabhu Capital Limited.
Now the company needs to submit the application to the Securities Board Of Nepal (SEBON). If approved by the regulatory body SEBON, the company will sell the shares to the general public.
The company is currently operating Chhaya Center, a multi-faceted Mega Complex in Thamel. It has a built-up area of 3,50,000 sq. ft. housing 200 retail stores representing various international and local brands. The complex also accomodates “The Aloft”, the first five star Hotel in Thamel with 166 rooms managed by ‘Marriot’ hotel group.
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