Gourmet Gateway India Limited invests further in Boutonniere Hospitality Pvt Ltd

Gourmet Gateway India Limited (Formerly Known as Intellivate Capital Ventures Limited) has made further investments to the extent of Rs. 1,12,50,030 (One Crore Twelve Lakh Fifty Thousand and Thirty Rupees) in its Subsidiary Company, Boutonniere Hospitality Private Limited, incorporated on 24th September, 2009, by way of subscription to 77,055 (Seventy-seven Lakh and Fifty Five) fully paid-up Equity Shares of face value of Rs. 10/- each on private placement basis, at a price of Rs. 146/- each (Issue Price) (including a premium of Rs. 136 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 Gourmet Gateway India Limited (Formerly Known as Intellivate Capital Ventures Limited) was last trading in BSE at Rs. 14.55 as compared to the previous close of Rs. 15.29. The total number of shares traded during the day was 111324 in over 143 trades.

The stock hit an intraday high of Rs. 15.25 and intraday low of 14.53. The net turnover during the day was Rs. 1618792.00.

Source : Equity Bulls

Keywords

GourmetGatewayIndia INE512D01028 Investment BoutonniereHospitality