Viceroy Hotels Plans ₹107 Cr Rights Issue

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 on a rights basis to existing equity shareholders, excluding the promoter and promoter group. A Rights Issue Committee has been formed to finalize terms like issue size, price, and schedule. The company also approved the Draft Letter of Offer and will apply for in-principal approval from SEBI.