Vinaychand Kothari Acquires 25.22% Stake in Best Eastern Hotels Ltd

According to a disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Vinaychand Kothari has acquired a significant stake in Best Eastern Hotels Limited. The acquisition details are as follows: Before the acquisition, Vinaychand Kothari held 25.80% of the total voting rights in the company. This included 43,46,970 shares with voting rights, 0 shares in encumbrance, 0 voting rights otherwise than by shares, and 0 warrants/convertible securities. Post-acquisition, Vinaychand Kothari now holds 25.22% of the total voting rights. This includes 42,50,000 shares with voting rights, 0 voting rights otherwise than by shares, and 0 warrants/convertible securities. The mode of acquisition was not specified in the disclosure. The equity share capital and total voting capital of Best Eastern Hotels Limited before the acquisition was 1,26,37,500. Post-acquisition, the equity share capital and total voting capital remains the same.