HB Portfolio Limited invests in Infinix9 Hotels and Resorts Pvt Ltd

HB Portfolio Limited has acquired 5000000 (Fifty Lakhs) Equity Shares of face value of Rs. 10/- each at par and 1000000 (Ten Lakhs) 0% Fully Convertible Debentures of face value of Rs. 100/- each at par of Infinix9 Hotels & Resorts Private Limited.

Infinix9 Hotels & Resorts Private Limited is a company incorporated under the Companies Act, 2013 having its registered office at Plot No. 31, Echelon Institutional Area, Sector-32, Gurugram, Haryana - 122001. Infinix9 Hotels & Resorts Private Limited was incorporated on 06th March, 2024. The Paidup equity share capital of the Company is Rs. 500 Lakhs. The Company is newly incorporated hence its turnover is NIL.

Infinix9 Hotels & Resorts Private Limited has 99.95% ownership in Infinix9 Hospitality LLP. By virtue of Infinix9 Hotels & Resorts Private Limited being a Company's Wholly Owned Subsidiary, the Company also has 99.95% controlling stake in Infinix9 Hospitality LLP. Infinix9 Hospitality LLP is a Limited Liability Partnership having its registered office at Plot No. 31, Echelon Institutional Area, Sector-32, Gurugram, Haryana - 122001.

Infinix9 Hospitality LLP was incorporated on 11th March, 2024. Infinix9 Hospitality LLP has a total contribution of Rs. 100 Lakhs. The LLP is newly incorporated hence its turnover is NIL.

Shares of HB PORTFOLIO LTD. was last trading in BSE at Rs. 120.15 as compared to the previous close of Rs. 121.35. The total number of shares traded during the day was 4341 in over 85 trades.

The stock hit an intraday high of Rs. 126.20 and intraday low of 119.00. The net turnover during the day was Rs. 529755.00.

Source : Equity Bulls

Keywords

HBPORTFOLIO INE638B01025 Investment Acquisition Infinix9HotelsandResorts