Taragaon Regency urges preferential shareholders to collect principle and interest

Kathmandu, September 15

Taragaon Regency Hotels Limited has urged its preference shareholders who are yet to claim the principle and interest to collect their principle and interest warrants immediately.

Issuing a notice, the company that operates Hyatt Regency Hotel at Baudha, Kathmandu has stated that the principle and interest can be collected from NMB Capital Limited at Babarmahal, Kathmandu. 

Taragaon Regency is paying the interest to to its preference shareholders for up to August 16.

For the first time the company, which has started to post profit, has decided to

give principle and interest -- including 18 percent interest rate adjusted from April 15, 2006 -- to the preference shareholders collectively. 

It has also urged the preferential shareholders who have not yet collected their share certificates to do so from the Share Department of the company at Baudha at the earliest.