The Indian Hotels Company allots 9,90,09,900 Equity Shares

article continues after this advertisement

The QIP Committee 2021-22 of the board of directors of The Indian Hotels Company Limited (“Committee”) has, at its meeting held today i.e. March 26, 2022, approved the allotment of 9,90,09,900 Equity Shares of face value Rs. 1 each to eligible qualified institutional buyers at the issue price of Rs. 202 per Equity Share.

And reflects a discount of Rs. 1.48 (i.e. 0.73%) on the floor price of Rs. 203.48 per Equity Share, aggregating to Rs. 19,99,99,99,800 , pursuant to the Issue in accordance with provisions of SEBI ICDR Regulations.

The Issue opened on March 22, 2022 and closed on March 25, 2022. Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased to Rs. 1,42,03,99,602, comprising of 1,42,03,99,602 Equity Shares of Re. 1/- each.