The Board of Indian Hotels Co has approved the allotment of 99009900 equity shares of face value of Re 1 each to eligible qualified institutional buyers at the issue price of Rs 202 per equity share including a premium of Rs 201 per equity share and reflects a discount of Rs 148 on the floor price of Rs 20348 per equity share aggregating to Rs 199999 crore pursuant to the QIP issue Pursuant to the allotment of equity shares in the issue the paid-up equity share capital of the company stands increased to Rs 1420399602 comprising of 1420399602 equity shares of Re 1 each
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