OTHER GROUP COMPANIES
market

Indian Hotels fixes Rs150 per share as a floor price for Rs2,000cr Rights Issue, set to open on Nov 24

The opening date for the issue is set on November 24, while the closing is scheduled on December 08.

November 10, 2021 2:49 IST | India Infoline News Service
Daily Market Strategy
The Indian Hotels Company (IHCL) board of directors have approved 'Rights Issue' of 132,139,827 fully-paid up Equity
Shares aggregating to Rs1982.10cr.

The floor price for the issue has been fixed at Rs150 per fully paid-up Equity Share (including a premium of Rs149 per Equity Share.

The record date for the 'Rights Issue' is set on November 13, 2021.

However, the opening date for the issue is set on November 24, while the closing is scheduled on December 08.

Under the Rights entitlement ratio, 1 Equity Shares for every 9 fully paid-up Equity Share held by the eligible equity shareholders of the Company, as on the record date.

At around 2.46 pm, IHCL was trading at an intraday low of Rs215.30 per piece down by 2.05% on Sensex. The stock was near the day's low of Rs215.10 per piece. 

OPEN A DEMAT ACCOUNT & Get FREE Benefits worth 10,000

OPEN A DEMAT ACCOUNT & Get
FREE Benefits Upto 10,000

STOCK VIEW

PRESTIGE (NSE)

The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

FEATURED ARTICLE

BLOGS

Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity