Vitizen Hotels Limited becomes subsidiary of Vidli Restaurants Ltd

Pursuant to the Share Purchase Agreement with Conwy Hospitality Private Limited and Vitizen Hotels Limited and approvals granted by the Audit Committee, Board of Directors and the members of the Company for same, 31,45,510 Equity Shares of Rs. 10/- each (84.01 %) at rate of Rs. 13/- each of Vitizen Hotels Limited, an unlisted public limited company were transferred on 29th March, 2022 from Conwy Hospitality Private Limited to the Company on the terms and condition mentioned in the Share Purchase Agreement.

Subsequent to the aforesaid transfer, Vitizen Hotels Limited has become a material unlisted subsidiary ofthe Company w.e.f 29th March, 2022.

Further, Mr. Arun Jain, Independent Director of the Company is appointed as a Director on the Board of Vitizen Hotels Limited w.e.f 29th March, 2022.

Shares of Vidli Restaurants Ltd was last trading in BSE at Rs. 28.50 as compared to the previous close of Rs. 30.00. The total number of shares traded during the day was 2500 in over 1 trades.

The stock hit an intraday high of Rs. 28.50 and intraday low of 28.50. The net turnover during the day was Rs. 71250.00.

Source : Equity Bulls

Keywords

VidliRestaurants INE564S01019 VitizenHotels Subsidiary