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Asian Hotels (North) Limited ( (IN:ASIANHOTNR) ) has issued an announcement.
Asian Hotels (North) Limited has announced the execution of a Definitive Share Subscription Agreement with Elana Holdings Pte. Ltd., a Singapore-based investor. This agreement involves Elana Holdings subscribing to 23,180,000 equity shares at a price of Rs. 330 each, which will be used to pay off the company’s outstanding loans. The investor will not have any control over the company or be part of the promoter group, ensuring no changes in the company’s board or capital structure.
More about Asian Hotels (North) Limited
Asian Hotels (North) Limited operates in the hospitality industry, providing hotel and accommodation services primarily in North India.
Average Trading Volume: 1,671
Technical Sentiment Signal: Buy
Current Market Cap: 6.47B INR
Find detailed analytics on ASIANHOTNR stock on TipRanks’ Stock Analysis page.