The
Indian Hotels Company (IHCL) board of directors have approved 'Rights Issue' of 132,139,827 fully-paid up Equity
Shares aggregating to Rs1982.10cr.
The floor price for the issue has been fixed at Rs150 per fully paid-up Equity Share (including a premium of Rs149 per Equity Share.
The record date for the 'Rights Issue' is set on November 13, 2021.
However, the opening date for the issue is set on November 24, while the closing is scheduled on December 08.
Under the Rights entitlement ratio, 1 Equity Shares for every 9 fully paid-up Equity Share held by the eligible equity shareholders of the Company, as on the record date.
At around 2.46 pm, IHCL was trading at an intraday low of Rs215.30 per piece down by 2.05% on Sensex. The stock was near the day's low of Rs215.10 per piece.