City Hotel Limited has announced the auction of unsubscribed right shares through a sealed bidding process. The company is offering a total of 21,50,418 units of shares that remained unsubscribed during the recent rights issue.
According to the public notice, the unsubscribed shares include 19,89,999 shares of the founder group, 6,000 shares of employees, and 1,54,419 shares of the general public group. Interested investors can submit their sealed bid applications starting from 23 Kartik 2082, with the submission deadline set for 30 Kartik 2082 within banking hours.
The minimum bid price has been set at Rs. 100 per share, and the shares will be sold to the highest bidders as per prevailing securities and company regulations.
Bidding forms can be obtained and submitted at the following collection centers:
Prabhu Capital Limited, Kamaladi, Kathmandu
Branches of Prabhu Bank Limited located in Biratnagar, Hetauda, Birgunj, Butwal, Pokhara, Surkhet, and Dhangadhi.
The auction is being managed by Prabhu Capital Limited, a subsidiary of Prabhu Bank Limited. City Hotel Limited has urged interested investors to submit their bids within the specified time frame and follow all guidelines as per the issued notice.
Published by Prabhu Capital Limited on 2082-7-21
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