City Hotel will issue 80% rights shares; shareholders holding shares till Shrawan 26 are eligible to apply.
City Hotel Limited has announced the book closure date for its upcoming rights offering. The book closure has been set for Shrawan 27, meaning shareholders who maintain holdings on or before Shrawan 26 will be eligible to apply for the rights shares.
The company plans to issue rights shares at the rate of 80% on its existing paid-up capital. A total of 1 crore 33 lakh 92 thousand shares will be offered at a par value of Rs. 100 per share, amounting to a total issue size of Rs. 1 arba 33 crore 92 lakh.
City Hotel received approval for the rights issue from the Securities Board of Nepal (SEBON) on Shrawan 4. The responsibility for issue management has been assigned to Prabhu Capital Limited.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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