Kathmandu. City Hotel has urged the owners and basic shareholders to deposit the amount for the right shares.
The hotel has issued a notice today informing about this. The Securities Board of Nepal has allowed City Hotel to issue 80 percent right shares in the ratio of 1:0.8 of the current paid-up capital of Rs 674 million.
The securities board will now issue right shares worth Rs 1.33 billion. Before issuing right shares to the general public, the company’s directors and basic shareholders (holding 1 percent and more shares of paid-up capital) have to collect the amount of right shares.
As per the arrangement, the hotel has requested the owners and the basic shareholders to pay the amount for the right shares to be taken by them. According to the hotel, the amount has to be deposited by August 15.
You have to contact the company to get the bank account details of the amount deposited for the right share. The hotel has clarified that if the amount with the application for the right shares is not received from the basic shareholders including any operator, then it will be as per the rules.
