Intellivate Capital Ventures Ltd makes further investment in Boutonniere Hospitality Pvt Ltd

Intellivate Capital Ventures Limited has made further investments to the extent of Rs. 2,75,44,050 (Two Crore Seventy Five Lakhs Forty Four Thousand and Fifty Rupees) in its Subsidiary Company, Boutonniere Hospitality Private Limited, incorporated on 24th September, 2009, by way of subscription to 2,04,030 fully paid-up Equity Shares of face value of Rs. 10/- each on private placement basis, at a price of Rs. 135/- each (Issue Price) (including a premium of Rs. 125 each).

The company needs to raise additional funds to gain access to long-term resources, fulfilling its growth requirements and addressing general corporate purposes.

Shares of INTELLIVATE CAPITAL VENTURES LTD. was last trading in BSE at Rs. 110.77 as compared to the previous close of Rs. 105.50. The total number of shares traded during the day was 145646 in over 124 trades.

The stock hit an intraday high of Rs. 110.77 and intraday low of 104.10. The net turnover during the day was Rs. 16131007.00.

Source : Equity Bulls

Keywords

INTELLIVATECAPITALVENTURES INE512D01028 Investment BoutonniereHospitality