City Hotel rights share: until when can applications be submitted?

City Hotel Limited has opened its rights share offering from Bhadra 23. The company is issuing 80% rights shares (1:0.80 ratio) at a face value of Rs. 100. A total of 16.74 million shares, worth Rs. 1.67 billion, are being offered.

For this purpose, the company had set its book closure on Shrawan 27. Therefore, only shareholders who held shares traded until Shrawan 26 are eligible to apply.

The deadline to apply for the rights shares is Ashoj 12. Investors can apply through issue manager Prabhu Capital, selected branches of Prabhu Bank (Ilam, Jawalakhel, Birgunj, Pokhara, Butwal, Surkhet, and Dhangadhi), or through C-ASBA member banks and financial institutions. Applications can also be submitted via the Mero Share platform.

Prabhu Capital Limited is the issue manager for this rights offering.