City Hotel Limited Opens 80% Rights Share Issue, Applications Open Until September 28

City Hotel Limited has opened the issuance and sale of its 80 percent rights shares starting today (Bhadra 23, 2082).

The company is offering rights shares in the ratio of 8 new shares for every 10 existing shares held, equivalent to 13,392,000 units of rights shares at a par value of Rs. 100 per share. The total issue amounts to Rs. 1.3392 billion.

For the purpose of the rights issue, the company had announced a book closure on 27 Shrawan 2082. Accordingly, shareholders who were listed in NEPSE trading records by 26 Shrawan 2082 are eligible to apply. The deadline for applications is set for 12 Ashwin 2082 (September 28, 2025).

For this rights issuance, Care Ratings Nepal has assigned the company a rating of CARENP Double B Minus Issuer Rating, indicating a moderate degree of risk regarding timely fulfillment of financial obligations.

The rights issue is being managed by Prabhu Capital Limited. Investors can apply through Prabhu Capital as well as at designated branches of Prabhu Bank in Ilam, Jawalakhel, Birgunj, Pokhara, Butwal, Surkhet, and Dhangadhi.

Additionally, applications can also be submitted through the C-ASBA system at banks and financial institutions approved by the Securities Board of Nepal (SEBON), or online via the Mero Share portal developed by CDS and Clearing Limited.

City Hotel Limited has urged all eligible shareholders to apply within the stipulated timeframe.