NRN Infrastructure and Development Company Limited has decided to invest in Barnabas Museum Hotel by acquiring a significant ownership stake.
Investment Details
Ownership Acquired: 9.09% of the hotel’s issued capital (equivalent to 14.2% of promoter shares)
Share Purchase Agreement: The company signed an agreement to purchase 1 million promoter shares at NPR 125 per share.
Total Investment: NPR 12.5 crore
Share Purchase Agreement and Management Rights
The agreement grants NRN Infrastructure the right to appoint at least one representative to the hotel’s board of directors.
The share purchase agreement was signed on Sunday between the two parties.
The agreement was signed by Rajendra Bajgain, Chairman of Barnabas Museum Hotel, and Hemant Basyal, Chief Executive Officer of NRN Infrastructure.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
