Asian Hotels (North) Limited has informed the Exchange about General Updates regarding receipt of Trading Approval of 23180000 equity shares allotted on preferential basis
ASIANHOTNR · price
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Asian Hotels (North) Limited has received trading approval from BSE and NSE for 2,31,80,000 equity shares (face value Rs. 10 each) allotted on a preferential basis to non-promoters. The shares were issued at Rs. 330 per share, which includes a premium of Rs. 320 over face value. The shares were allotted in tranches between January 28 and February 3, 2026, and will be tradable on the exchanges from March 23, 2026. The total capital raised is approximately Rs. 76.5 crore. All newly allotted shares carry a mandatory lock-in period until March 30, 2027, meaning the non-promoter allottees cannot sell these shares for about a year.
This is a dilution event for existing shareholders as 2.31 crore new shares enter the market. The lock-in until March 2027 limits immediate supply overhang, but once unlocked, it could weigh on the stock. On the positive side, the company has raised roughly Rs. 76.5 crore of fresh equity capital from non-promoters.