Viceroy Hotels Ltd Approves Rights Issue of Equity Shares, Targets Up To Rs 107 Crores
Viceroy Hotels Ltd announced that its Board of Directors approved a plan to raise capital through the issuance of fully paid-up equity shares on a rights basis. The move aims to secure funds for the company from existing non-promoter shareholders, with a target amount set not exceeding Rs 107.00 Crores.The decision was made during the Board meeting held on Monday, June 29, 2026. During the meeting, the directors considered and approved raising the funds through the rights issue of equity shares to existing shareholders who are neither promoters nor part of the promoter group.
To ensure the effective execution of the planned capital raise, the Board also took several operational steps. A Rights Issue Committee was constituted and authorized its members to handle the terms and conditions of the issuance. This authority encompasses determining the final size or amount of the issue, the rights entitlement ratio, the issue price, the record date, and approving the draft letter of offer.
The approval extended by the Board also covered the Draft Letter of Offer for the fundraising via rights issue and authorized the application for in-principal approval for the rights issue, up to Rs 107.00 crores.
Key details regarding the proposed securities offering are outlined below:
| Particulars | Details |
|---|---|
| Type of Securities Proposed | Fully paid-up Equity Share with a face value of Rs 10 each |
| Issuance Method | Rights issue to existing equity shareholders (other than Promoter and Promoter group) |
| Total Fund Target | Amount not exceeding Rs 107.00 Crores |
The Board meeting commenced at 11:00 A.M. and concluded at 11:30 A.M.
VHLTD Stock Price Movement
Shares of Viceroy Hotels Limited are rising to ₹131.79 as of 11:44 AM, climbing 2.62% in live trading. The stock registered a trade volume of 2,202 shares during the current market 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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