Shiva Shree Hydropower and City Hotel have been granted approval to issue rights shares by the Securities Board of Nepal (SEBON) on Sunday, Shrawan 4.
The Securities Board of Nepal (SEBON) has approved rights share issuance proposals for two companies—Shiva Shree Hydropower Company Limited and City Hotel Limited.
Shiva Shree Hydropower has received permission to issue rights shares in a 1:1 ratio, meaning 100% rights shares. The company will issue a total of 1,47,64,000 units, amounting to Rs. 1.47 arba (Rs. 1,47,64,00,000) at a par value of Rs. 100 per share.
Similarly, City Hotel has been approved to issue rights shares in a 1:0.80 ratio. The company will issue 1,33,92,000 units, totaling Rs. 1.33 arba (Rs. 1,33,92,00,000) at the same par value.
With SEBON’s approval, both companies are now set to proceed with their respective rights offerings, subject to final issuance processes.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
