Ricky Kirpalani and Associates Acquire Shares in Royal Orchid Hotels Ltd
Ricky Kirpalani, along with several associated entities, has acquired a stake in Royal Orchid Hotels Ltd. The acquisition involves 13,78,457 shares of the hotel company, representing 5.03% of its total diluted share/voting capital.The acquirers include Ricky Kirpalani and his group, which consists of Haresh Keswani, Nikita Kirpalani, Johnny Kirpalani, Alisha Kirpalani, K2 Family Private Trust (through Vistra ITCL (India) Limited), First Water Capital, and First Water Capital Fund.
The shares were acquired on 04.09.2023 through the open market.
Details of the shareholding before and after this transaction are summarized below:
| Metric | Before Acquisition/Disposal | After Acquisition |
|---|---|---|
| Shares Carrying Voting Rights Acquired | N/A | 13,78,457 |
| Percentage Holding (w.r.t total diluted capital) | N/A | 5.03% |
The transaction took place against a backdrop of a total equity share capital and voting capital for Royal Orchid Hotels Ltd which stood at Rs. 2,74,252,150 both before and after the acquisition. The company's total diluted share/voting capital remains Rs. 2,74,252,150 following this purchase.
ROHLTD Stock Price Movement
As of 10:52 AM, shares of Royal Orchid Hotels Limited are shedding value, trading down 0.91% to ₹314.95. The stock has seen a daily trading range between ₹314.05 and ₹320.45, with the security changing hands 4,634 times so far this session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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