EIH Associated Hotels advanced over 14% and touched weekly high of Rs174.10, after the company’s board of directors may consider right issue, So far, 0.48 lakh shares have traded on the BSE as against the two-week average volume of 0.02 lakh shares.
EIH Associated Hotels said that a meeting of the board of directors of the company will be held on March 28, 2012, to consider the raising of equity share capital through issuance of equity shares, on rights basis, to the existing equity shareholders of the Company and Amalgamation of Company’s wholly owned subsidiary, Island Hotel Maharaj Limited with the Company.
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EIH Associated Hotels said that a meeting of the board of directors of the company will be held on March 28, 2012, to consider the raising of equity share capital through issuance of equity shares, on rights basis, to the existing equity shareholders of the Company and Amalgamation of Company’s wholly owned subsidiary, Island Hotel Maharaj Limited with the Company.
....more info