The Indian Hotels Company Limited board approves 1:9 rights issue at Rs. 150 per share

The Committee of The Indian Hotels Company Limited at its meeting held on November 9, 2021 has considered and approved the terms and conditions of the Rights Issue to raise an amount not exceeding Rs. 2,000 crore.

Total number of Equity Shares and Rights Issue size: 132,139,827 fully-paid up Equity Shares each for amount aggregating to Rs. 1982.10 crore

Rights Issue Price: Rs. 150 per fully paid-up Equity Share (including a premium of Rs. 149 per Equity Share)

Record date: November 13, 2021

Rights entitlement ratio: 1 Equity Shares for every 9 fully paid-up Equity Share held by the eligible equity shareholders of the Company, as on the record date.

ISIN for Rights Entitlement: INE053A20011

Rights Issue period:

Rights Issue Opening Date: November 24, 2021
Rights Issue Closing Date: December 8, 2021

The outstanding Equity Shares will increse from 118,92,58,445 Equity Shares to 132,13,98,272 Equity Shares assuming full subscription.

Shares of The Indian Hotels Company Limited was last trading in BSE at Rs. 219.80 as compared to the previous close of Rs. 213.20. The total number of shares traded during the day was 1125529 in over 11238 trades.

The stock hit an intraday high of Rs. 224.75 and intraday low of 214.30. The net turnover during the day was Rs. 248277451.00.

Source : Equity Bulls

Keywords

TheIndianHotelsCompanyLimited INE053A01029 INDHOTEL RightsIssue FundRaising