Eco Hotels and Resorts Fund Raise of ₹50 Cr
Eco Hotels' board approved raising up to INR 50 Crore via preferential shares, private placement or warrants. It also approved forfeiture of 16,31,580 unpaid right-issue shares.
- Value
- ₹50.00 Cr
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6 announcements
Eco Hotels' board approved raising up to INR 50 Crore via preferential shares, private placement or warrants. It also approved forfeiture of 16,31,580 unpaid right-issue shares.
Eco Hotels revised the third and final call dates for its rights issue to June 16‑30, 2026. Shareholders must pay within the new window.
Eco Hotels and Resorts Limited dispatched the third and final call money notice for its rights issue. The ₹4.89 Crore call is open from June 15 to June 29.
Eco Hotels and Resorts approved a final call of ₹4.89 Crore on 1.28 Crore partly paid-up shares. The record date is May 29, 2026.
Eco Hotels and Resorts Ltd approved the conversion of 85,45,990 partly paid-up rights equity shares following the receipt of ₹3.44 Crore in call money. The shares' paid-up value increased from ₹5.00 to ₹7.50 per share. These converted shares will rank pari passu with existing equity shares.
Eco Hotels and Resorts Limited reported utilizing ₹8.23 Crore from its partly paid-up rights issue proceeds as of March 31, 2026. The company noted a reallocation of funds due to delays in identified projects, shifting focus to new lease-based expansions. No formal deviation in objects was reported by the audit committee or auditors.