Business Update30 May 2026, 07:21 pm
Asian Hotels: Preferential Issue Proceeds Utilized by March 2026
AI Summary
Asian Hotels (North) Ltd. reports the utilization of proceeds from a preferential issue of shares for the period ended March 31, 2026. The company raised ₹764.94 crore on February 3, 2026, through a preferential issue. M/s. Infomerics Valuation and Rating Limited served as the monitoring agency. There was no deviation or variation in the use of funds raised. G. K. Choksi & Co., Chartered Accountants, provided an independent auditor’s certificate confirming the utilization of proceeds.
Key Highlights
- Asian Hotels raised ₹764.94 crore via preferential issue on Feb 3, 2026.
- No deviation or variation in the use of funds raised.
- Infomerics Valuation and Rating Limited was the monitoring agency.
- Auditor's certificate confirms utilization of preferential issue proceeds.
- Report filed as per Regulation 32 of SEBI LODR 2015.
Price Impact
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