Viceroy Hotels Board approves Rights Issue of up to Rs. 107 Crores
VHLTD · price
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Viceroy Hotels Limited board on 29 June 2026 approved raising up to Rs. 107 Crores through a Rights Issue of fully paid-up equity shares (face value Rs. 10) to existing shareholders, excluding the Promoter and Promoter Group. A Rights Issue Committee was set up to decide the entitlement ratio, issue price, record date, and schedule. The Draft Letter of Offer was also approved.
Promoters are excluded from this Rights Issue. Non-promoter shareholders face potential dilution once ratio and price are finalized, which may pressure the stock.