Chandragiri Investment Group issuing IPO to public

Chandragiri Investments Limited has corporately approved the proposal for initial public offering (IPO) to general public. The recently held first annual general meeting of the company unanimously approved the proposal. Under this proposal, the company will issue 10 lakh shares worth Rs 10 crore to the general public. As a preparation for the IPO issue, the company has also passed a resolution to distribute 4 percent cash dividend to the shareholders from the last financial year's profit. The board of directors has been entrusted with the entire task of issuing IPO from the general meeting.

Meanwhile, from the same meeting, the new 6-member Board of Directors was also elected unopposed for the next term. Rajan Shrestha, Ramraja Acharya, Prakashman Shrestha, Dhirendra Shrestha, Shankar Maharjan and Birendra Shrestha were elected unopposed. In the first meeting of the newly elected board of directors, Rajan Shrestha has been entrusted with the responsibility of unanimous chairman. Chandragiri Investment Group, which is expanding its investments in various sectors, has already invested in reputed companies like Indreni Mushroom Farm, The Nilay Hotels Limited, Cowley Vineyard Agro, Everest Color and Mero Kisan. According to the company's plan, the capital obtained from the IPO will be invested in more productive and commercial areas to advance the development of the organization.