Please find attached the intimation with regards to issue of equity shares and convertible warrants on preferential basis.
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Awaiting price reaction for this filing.
UVS Hospitality and Services Ltd's board has approved three preferential issues. First, up to 35,02,671 equity shares at Rs. 100 each (Rs. 10 face value, Rs. 90 premium) will be issued on a share-swap basis to acquire 51% (5,15,100 shares) of Calcio Restaurants Private Limited, which will become a subsidiary. Calcio is a Mumbai-based hotels and restaurants business with FY25 turnover of about Rs. 52 crore, up from Rs. 10 crore in FY23. Second, up to 15,83,000 equity shares at Rs. 100 each (about Rs. 15.83 crore in cash) will be allotted to non-promoter investors. Third, up to 31,65,000 convertible warrants at Rs. 100 each (about Rs. 31.65 crore), with an 18-month tenure, will be issued to non-promoter investors. The total capital raise (including the share swap) is roughly Rs. 82.5 crore. The paid-up share capital will rise from Rs. 38.13 crore to about Rs. 42.11 crore once all three issues are completed.
For shareholders, this means meaningful dilution from both the share swap and fresh issuances, but it also brings in a revenue-generating restaurant business (Calcio) as a subsidiary and adds about Rs. 47.5 crore of fresh cash. Stock price may face short-term pressure on dilution but could get support from the acquisition and growth capital. Pending shareholder and regulatory approvals.