City hotel limited will soon start a large right share issue. The process will begin on bhadra 23.
From Bhadra 23, the company will issue 1 crore 67 lakh 40 thousand rights shares at a price of rs. 100 each. The offer is in a 1:0.80 ratio. This means shareholders can buy 80 rights shares for every 100 shares they already own.
Who can to apply?
Only investors who held city hotel shares until shrawan 26 can apply. The company closed its books on shrawan 27 to decide who is eligible.
The last date to apply is ashoj 12. Investors can apply through prabhu capital, which is the issue manager, or from selected prabhu bank branches in ilam, jwagal, birgunj, pokhara, butwal, surkhet, and dhangadhi.
Applications can also be submitted online through any c-asba member bank or financial institution, or via the mero share platform.
City hotel got approval for this rights issue from the securities board of nepal on shrawan 4. The goal is to increase its paid-up capital from the current rs. 1.67 billion.
