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City Hotel to issue 80% right shares

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Kathmandu. City Hotel is issuing 80 percent right shares. The hotel has applied to the Securities Board of Nepal seeking permission.

The hotel has sought permission from the Board to issue 13.392 million units of right shares in the ratio of 1:0.80 at a face value of Rs 100 per share.

At present, the paid-up capital of this hotel is Rs 1.67 billion and after the right allotment, it will increase to Rs 3.01 billion.

Prabhu Capital Limited is the issue manager of the hotel.

 

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