Oberoi Hotels Pvt Ltd, sold out its entire stake in the Soaltee Hotel. As many as 1,020,144 shares worth Rs 142.82 million under its ownership were sold to Nepali firm Sibkrim Land and Industries of the NE Group on Tuesday. 

The international hotel chain had 6.84 percent stake in Soaltee Hotel, a leading five-star hotel in Kathmandu.

With the sale of 10,20,144 units of shares to Sibkrim Land and Industries, Oberoi Hotels Pvt Ltd has no more ownership in Soaltee Hotel.