80% Right Shares of City Hotel Limited Added in SEBON Pipeline

The Securities Exchange Board of Nepal (SEBON) has added the right shares of City Hotel Limited (CITY) to its pipeline under preliminary review. The application was submitted to the board on Jestha 20, 2082.

The insurance company is looking to issue 80% right shares worth Rs. 1.33 Arba through the issue of 13,392,000 (1: 0.80) units of right shares to its existing shareholders. The current paid-up capital of the company is Rs. 1.67 Arba. After the adjustment of the proposed right share, the paid-up capital of the company will increase to Rs. 3.01 Arba.

Prabhu Capital Limited is appointed as the issue manager.