Kathmandu. City Hotel Limited has issued right shares from today. The company has opened 80 percent of its existing paid-up capital.

The company has opened the rights at a new ratio of 8 units equal to the existing 10 units of shares. The company has issued 13.39 million units of shares at a face value of Rs 100 per share worth Rs 1.33 billion.

The company had closed the book for the purpose of issuing the right shares on August 15. To invest in the right, the investor has to make a transaction in NEPSE by August 15. Applications can be made till October 15.

Interested investors can apply from Prabhu Capital, Sales Manager, Ilam, Jawalakhel, Birgunj, Pokhara, Butwal, Surkhet and Dhangadhi branches of Prabhu Bank. In addition, banks and financial institutions with C Asba and my shares that have taken permission from SEBON can apply online.

The paid-up capital of the company stands at Rs 1.67 billion. After the sale of the right shares, the paid-up capital will reach Rs 3.01 billion. Prabhu Capital Limited is the issue manager.