Rights Issue29 Jun 2026, 11:41 am
Viceroy Hotels Ltd Approves Rights Issue Up to ₹107 Cr
AI Summary
Viceroy Hotels Ltd announced its Board of Directors has approved a Rights Issue to raise funds up to ₹107 Crores. The issue will be for fully paid-up equity shares offered to existing equity shareholders, excluding the Promoter and Promoter group. A Rights Issue Committee has been formed to finalize terms such as issue size, price, and record date. The Draft Letter of Offer has also been approved, and an application for in-principal approval will be made. The board meeting took place on June 29, 2026.
Key Highlights
- Board approved Rights Issue to raise up to ₹107 Crores.
- Issue is for existing shareholders, excluding promoters.
- A Rights Issue Committee will decide final terms.
- Draft Letter of Offer approved for fund raising.
- Board meeting held on June 29, 2026.
Price Impact
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