Announced Fri, 3 Jul · 15:04 IST
Eco Hotels waives interest on delayed call money, to refund collected interest
Corporate Actions View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹13.70
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.9-5.1-5.1-5.5-6.0-6.6-10.7———
Up moveDown movePending
AI summary
The Rights Issue Committee of Eco Hotels and Resorts approved waiver of interest on delayed First and Second Call Money for shareholders who paid outstanding amounts after the June 22 reminder notice. Any interest already collected from such shareholders will be refunded. Shareholders still defaulting on any call money remain fully liable with applicable interest until actual payment.
Likely market impact
Shareholder-friendly relief; benefits limited to those who paid post-reminder, not chronic defaulters