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Indian Hotels Right Issue

Right Issue Status: Closed [24th Nov 2021 to 8th Dec 2021]

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Indian Hotels Right Issue Detail

Indian Hotels Ltd right issue of Rs. 13,21,39,827 right equity shares worth issue size of Rs. 1982.10 Cr opens for subscription from 24 Nov to 8 Dec 2021. The company issues 1 right equity shares for every 9 fully paid-up equity shares held as on the record date, 13 Nov 2021. The right issue share price is fixed at Rs. 150 per share. Check out more about the Indian Hotels Right Issue including business overview, financial performance, issue timeline, issue entitlement, objectives, and more.

Indian Hotels Right Issue Objective

  1. Repayment and/or prepayment or redemption of certain borrowings availed by the company either fully or partially.
  2. Payment for acquisition of RCL from Omega TC Holdings Pte Ltd, Tata Capital Ltd, and Piem Hotels Ltd.
  3. Part-payment for the acquisition of ELEL Hotel & Investments Ltd from Excalibur Assets and Capital Mgt Pte Ltd.
  4. Investment in a subsidiary, United Overseas Holdings Inc for repayment or prepayment of subsidiary firm's borrowings.
  5. Meet general corporate purposes.

Indian Hotels Right Issue Details

Indian Hotels Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 13.21 Cr Eq Shares
Right Issue Issue Size (Amount) ₹1982.10 Cr
Face Value ₹1 Per Equity Share
Right Issue - Issue Price ₹150 per share
Right Issue Record Date 13th Nov 2021
Right Issue Entitlement 1 Equity share for Every 9 fully paid up shares held by eligible shareholder on Record date
Right Issue Terms of payment The full amount of ₹150 per Rights Equity Share is payable on Application.
Listing At BSE, NSE
BSE Code 500850
NSE Code INDHOTEL

Indian Hotels Right Issue Dates

In this section we have covered all important dates related to Indian Hotels Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

Indian Hotels Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 24th Nov 2021
Right Issue Issue Close Date 8th Dec 2021
Basis of Allotment Finalisation Date* 16th Dec 2021
Refunds Initiation* 17th Dec 2021
Credit of Shares to Demat Account* 20th Dec 2021
Right Issue Listing Date* 22nd Dec 2021

* - Tentative Dates

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About Company - Indian Hotels

Indian Hotel Company Limited (IHCL) is South Asia's largest hospitality company in terms of market capitalization. It has started its first Taj Mahal Palace hotel in 1903 and over the period, it has expanded its portfolio as of Sep 30, 2021, it has operated or managed 170 hotels and resorts globally with 19,774 rooms. Out of this, it has 17 international hotels with 2654 rooms located in 13 international locations i.e. Sri Lanka, Maldives, Bhutan, London, New York, San Francisco, Dubai, and Nepal. The Taj Mahal Palace is a hallmark of best-class iconic hospitality services. SeleQtions, Vivanta, Ginger, etc. are some of the well-branded hotel names.

Indian Hotels Right Issue Strengths

  • Strong brand name in the hospitality industry, backed by top quality service standards.
  • Geographically diversified market presence globally and internationally.
  • Diversified food and beverage capabilities.
  • Integration with the best technology and well-developed sales & marketing activities.
  • Customer-centric services and experienced managerial team.

Indian Hotels Financials

Past performance and financial results of Indian Hotels.

Indian Hotels Financials (₹ in Cr) 31-Mar-2021 31-Mar-2020
Total Assets ₹11,512.71 ₹11,518.26
Total Income ₹1,739.88 ₹4,595.56
Net Profit/Loss ₹(795.63) ₹363.74

Company Address

Indian Hotels Company Limited
Mandlik House, Mandlik Road,
Mumbai,Maharashtra-400 001
India
Website: https://www.ihcltata.com/
Phone: +91 22 6639 5515
Email: [email protected]

Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: http://www.linkintime.co.in
Phone: +91-22-4918 6270
Email: [email protected]

Lead Manager

  1. Kotak Mahindra Capital Company Limited
  2. HSBC Securities & Capital Markets Pvt Ltd

Indian Hotels Right Issue Offer Document (Letter of Offer) >>Document

Indian Hotels Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

Indian Hotels Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Indian Hotels? Should I apply in Indian Hotels Right Issue?

Last Updated on 2022-04-06T10:34:11+00:00


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