Speciality Restaurants’ Subsidiary Allots Shares in Rights Issue
Speciality Restaurants Limited announced that its subsidiary, Speciality Hotels India Private Limited (SHIPL), has completed a rights issue, allotting 61,728 equity shares with a face value of Rs. 100 each at an issue price of Rs. 838.57 per share. The total consideration for the rights issue amounted to Rs. 51,763,249.The rights issue was offered to existing shareholders of SHIPL. Following the allotment, SHIPL’s paid-up share capital increased to ₹ 2,00,61,500. As a result of this allotment, Speciality Restaurants Limited’s shareholding in SHIPL has decreased from 98.28% to 68.04% of the total paid-up share capital. SHIPL remains a subsidiary of Speciality Restaurants Limited.
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