Please find attached the intimation with regards to acquisition of upto 51 percent stake of Calcio Restaurants Private Limited against issue of upto 35,02,671 equity shares of the Company ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of UVS Hospitality approved acquiring up to 51% stake in Calcio Restaurants Private Limited (a Mumbai-based hotels and restaurants company with FY25 turnover of about Rs. 52 crore) by issuing up to 35,02,671 equity shares at Rs. 100 each via a share swap, worth roughly Rs. 35 crore. Post-acquisition, Calcio will become a subsidiary of UVS. The board also approved raising about Rs. 15.83 crore through a preferential issue of 15,83,000 equity shares at Rs. 100 each, and up to Rs. 31.65 crore through 31,65,000 convertible warrants at Rs. 100 each, both to non-promoter investors. Total capital raising (including the share swap consideration) is around Rs. 82.5 crore. Paid-up share capital will rise from Rs. 38.13 crore to about Rs. 42.11 crore after all three allotments.
Existing shareholders face dilution as UVS issues new shares and warrants, but the company is taking on a growing hospitality business (turnover nearly doubled in FY25) and bringing in fresh funds, which could strengthen its balance sheet and earnings base going forward.