Offer Letter Published for "City Hotel Limited"; Right Shares Issue Opens from Bhadra 23
Thu, Aug 21, 2025 7:50 AM on Dividend, Bonus & Rights, Highlight News, Book Closure,
City Hotel Limited (CITY) has published an offer letter for the issuance of its 80% rights shares.
According to the offer letter made public by the company, it is set to open applications for its right shares in the ratio of 1:0.80 or 80% from 23rd Bhadra to 12th Ashwin, 2082.
The company will be issuing 80% right shares worth Rs. 1.67 Arba through the issue of 13,192,000 (1: 0.80) units of right shares to its existing shareholders. The current paid-up capital is Rs. 1.67 Arbas. After the adjustment of the proposed right share, i.e., 13,192,000 units, the company's paid-up capital will increase to Rs. 3.01 Arba.
Prabhu Capital Limited is appointed as the issue manager.
The book closure date is 27th Shrawan, 2082. Thus, investors who held shares before that day can apply for them.
