Equity allotted to Elana Holdings; Rs 300 Cr NCDs raised at 12.5%
ASIANHOTNR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 0.2 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Asian Hotels (North) allotted 65,05,227 equity shares at Rs 330 each (premium of Rs 320) to Elana Holdings PTE on a preferential basis, raising about Rs 214.67 Cr. Elana's stake rises from 24.68% to 39.83%, paid-up capital increases to Rs 32.33 Cr. Separately, the company raised Rs 300 Cr via 3,000 unlisted secured NCDs at 12.5% annual coupon (monthly), 2-year tenure, secured by Hyatt Regency Delhi assets. Disclosure also notes existing defaults of Rs 770.12 Cr on bank and financial institution loans as of Dec 31, 2025.
NCD at 12.5% and disclosed Rs 770 Cr debt default signal credit stress, but fresh capital and Elana's rising stake may aid turnaround.