Indian Hotels acquires ₹101 crore worth shares in subsidiary ELEL Hotels via rights issue
According to a filing with the stock exchanges, IHCL subscribed to 2,01,659 equity shares of ELEL Hotels, each having a face value of ₹10, at an issue price of ₹5,000 per share. Shares of Indian Hotels Company Ltd ended at ₹752.50, down by ₹17.05, or 2.22%, on the BSE.
According to a filing with the stock exchanges, IHCL subscribed to 2,01,659 equity shares of ELEL Hotels, each having a face value of ₹10, at an issue price of ₹5,000 per share. Shares of Indian Hotels Company Ltd ended at ₹752.50, down by ₹17.05, or 2.22%, on the BSE.
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