HFIL Hotel Gets SEBON’s Green Light for NPR 980 Million IPO

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HFIL Hotel

HFIL Hotel Gets SEBON’s Green Light for NPR 980 Million IPO

HFIL Hotel, a leading hospitality provider in Nepal, has secured approval from the Securities Board of Nepal (SEBON) to issue 9,800,000 shares to the public, raising NPR 980,000,000 in capital. This is a major achievement for the hotel, which demonstrates its dedication to the hospitality industry and its vision to set new standards in the country.

The hotel has appointed NIC Asia Capital Limited as the issue manager, who will facilitate the issuance process. The hotel plans to use the funds raised to expand its services, enhance its facilities, introduce innovative services, and ensure a memorable stay for guests.

The hotel is known for its unparalleled hospitality, which includes operating a five-star hotel in Budhanilkantha, Kathmandu, named “Hotel Forest Inn”. The hotel’s ambitious plans are expected to draw significant interest from investors and stakeholders who want to support the development of the hospitality industry in Nepal.

You can also view all upcoming IPOs in Nepal.

Suggested: Everything you need to know about IPO in Nepal.
Published on: Jan 19, 2024

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