City hotel limited has started issuing rights shares from today, Bhadra 23. The company is offering 80 percent rights shares in a 1:0.80 ratio. This means shareholders can buy 8 new shares for every 10 shares they already own. Each share is priced at Rs. 100. A total of 1 crore 67 lakh 40 thousand shares are being issued, equal to Rs. 1.67 billion in value.
Only shareholders who held city hotel shares until Shrawan 26 are eligible to apply. The company had closed its books for rights share purposes on Shrawan 27.
The last date to apply is Ashoj 12. Applications can be submitted through the issue manager, Prabhu Capital, or at selected branches of Prabhu Bank in Ilam, Jawalakhel, Birgunj, Pokhara, Butwal, Surkhet, and Dhangadhi.
Investors can also apply online through the ‘Mero Share’ platform or via banks and financial institutions that provide C-ASBA services. Prabhu Capital Limited is the official issue manager for this offering.
