Taragaon Regency. Hotels Limited (TRHL) plans to issue more shares to cover cost overruns, The Rising Nepal reported. Accordingly, shares worth Rs 185 million are to be offered only to existing shareholders. The cost overrun is attributed to expansion of hotel size-from 271 to 300 room and investments in interior design and equipment, the paper said, quoting Director Suresh Lal Shrestha. The hotel had sold preference shares worth Rs 80 million and ordinary shares of Rs 120 million last year. The promoters are said to have underwritten Rs 135 million worth of shares for the new issue. TRHL\'s promoters are the Taragaon Development Board, the Sharaf Group (owner of Yak and Yeti hotel), and the ICTC group, which has interests in banking, insurance and infrastructure projects. The Asian Development Bank has equity participation in the Rs 2.84 billion project, which is planning for a "soft opening" in time for the autumn tourist season that starts in September.