Westin, Dhaka

Westin, Dhaka

A favorite with all 'Dhaka Snobs', the five star hotel bring good tidings of business expansion in the future years. The hotel caused quite a stir with its decision to go public and now awaits the verdict of the stock market regulator on its proposal to be listed under the Dahaka Stock Exchange. Westin, which belongs to Unique Hotels and Resorts Ltd, plans to float 2.6 core ordinary shares of Tk 10. According to the IPO (Initial Public Offering) submitted, a fixed-offering priced each share at Tk. 115. The par share gains of Unique is Tk 5.85, with a net asset vale of Tk 77.62 for each. Although a positive verdict seems to be the only possible outcome, eyes are still glued on to nest year, with fingers crossed.