The Indian Hotels Company allots 9,90,09,900 Equity Shares to QIBs

The QIP Committee 2021-22 of the board of directors of The Indian Hotels Company Limited ("Committee") has, at its meeting held today i.e. March 26, 2022, approved the allotment of 9,90,09,900 Equity Shares of face value Rs. 1 each to eligible qualified institutional buyers at the issue price of Rs. 202 per Equity Share (including a premium of Rs. 201 per Equity Share) and reflects a discount of Rs. 1.48 (i.e. 0.73%) on the floor price of Rs. 203.48 per Equity Share, aggregating to Rs. 19,99,99,99,800 (Rupees One Thousand Nine Hundred and Ninety Nine Crore Ninety Nine Lakhs Ninety Nine Thousand Eight Hundred only), pursuant to the Issue in accordance with provisions of SEBI ICDR Regulations.

The Issue opened on March 22, 2022 and closed on March 25, 2022.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased to Rs. 1,42,03,99,602, comprising of 1,42,03,99,602 Equity Shares of Re. 1/- each.

Shares of The Indian Hotels Company Limited was last trading in BSE at Rs. 227.40 as compared to the previous close of Rs. 219.10. The total number of shares traded during the day was 1368073 in over 15909 trades.

The stock hit an intraday high of Rs. 235.70 and intraday low of 219.20. The net turnover during the day was Rs. 313061831.00.

Source : Equity Bulls

Keywords

TheIndianHotelsCompany INE053A01029 QIP FundRaising SharesAllotment QIBs