Kathmandu. City Hotel Company is issuing 80 percent right shares.

The company is issuing 80 per cent of its paid-up capital right shares from September 15.

Existing shareholders can apply for 8 units of shares equal to 10 units. The company will issue 13.39 million units of right shares worth Rs 1.33 billion at the rate of Rs 100 per share.

The company has closed the book for issuing right shares on August 15. Therefore, the shareholders who have remained in office till August 15 will be able to apply for the right shares. According to the company, applications can be made for the right shares of the company till October 30.

Prabhu Capital is the sales manager of the company.

In addition to the sales manager, prabhu bank can apply from ilam, Jawalakhel, Birgunj, Pokhara, Butwal, Surkhet and Dhangadhi branch offices. Similarly, applications can be made from the Securities Board through banks and financial institutions with C Ashwa members and my shares.

At present, the paid-up capital of the company stands at Rs 1.67 billion. After the issue, the paid-up capital of the company will reach Rs 3.01 billion.