Chandragiri Cable Car to Issue IPO of Rs 150 Mn

Jan 01, 2019 Merolagani

Chandragiri Hills Limited, operator of Chandragiri Cable car is set to issue initial public offering (IPO) worth Rs 150 million. The company has enlisted the proposal for endorsement in its upcoming AGM.

The company is conducting its 9^th AGM on January 14. The company is also amending its article of association and policies to maintain issued capital of Rs 1.50 billion.

The company proposed of issuing 10 percent of the issued capital as IPO.

Moreover, the company is electing a board member from promoter shareholders.

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