Ikeja Hotel has announced that the hospitality firm will sell a stake in the company to raise billions of naira, as it rolls out bonus shares and dividends to shareholders.
Ripples Nigeria gathered that Ikeja Hotel will raise fresh capital through Rights Issue, as existing shareholders will be given the opportunity to buy 1.13 billion shares offered directly by the firm.
Ikeja Hotel disclosed this on Wednesday in a corporate document filed with the capital market authority, the Nigerian Exchange Limited (NGX).
