KATHMANDU: Chandragiri Hills Limited has offered 25 percent concession in the cable car fare to those who have applied for the Initial Public Offerings (IPO).

Speaking at the 11th general meeting of the company, chairman Chandra Prasad Dhakal said those who have applied for the IOP will be offered 25 percent concession in the cable car fare for one year.

The 11th general meeting of the company held on Thursday presented its financial status, main achievements and its future plans.

The company has made such an arrangement in honor of locals and general people who have applied for the IPO stating that all the applicants may not be lucky to get shares.

Customers have to submit a proof that they had applied for the IPO while asking for discount in the cable car fare.

The company had issued 153,491 units of shares for Rs 100 per unit on January 8 and closed on January 12.