Kathmandu. City Hotel has started the process of bringing right shares.
City Hotel has filed an application with the Securities Board of Nepal seeking permission to bring the right shares. If approved by the Securities Board of Nepal, Mo City Hotel will issue 80 percent of its existing paid-up capital of 1:0.80 i.e. 80 percent right shares to its shareholders.
City Hotel will issue right shares worth Rs 1.33 billion. Accordingly, the hotel will issue a total of 13.39 million units of right shares at a face value of Rs 100 each.
Prabhu Capital is the right share sale manager of City Hotel.
