Viceroy Hotels Approves Rights Issue Up To ₹107 Crore
Viceroy Hotels Limited's Board approved a rights issue of up to ₹107 Crore. The funds will be raised by issuing fully paid-up equity shares to existing shareholders, excluding promoters. A Rights Issue Committee has been formed to finalize terms like issue price and record date.
The rights issue amount of ₹107 Crore is significant for a company of Viceroy Hotels' size and could impact its capital structure and shareholder equity. It indicates a strategic move for expansion or financial strengthening.
The company is raising capital through a rights issue, which is generally viewed positively as it strengthens the company's financial position and provides funds for growth or operations.
Viceroy Hotels Limited announced that its Board of Directors, in a meeting held on June 29, 2026, approved a rights issue to raise funds up to ₹107.00 Crores.
The funds will be raised through the issue of fully paid-up equity shares on a rights basis to existing equity shareholders, excluding the Promoter and Promoter group. This move is in accordance with the Companies Act, 2013, and SEBI regulations.
To facilitate the rights issue, the Board has constituted a Rights Issue Committee. This committee will be authorized to determine the terms and conditions, including the final issue size, rights entitlement ratio, issue price, record date, schedule of the rights issue, and the appointment of intermediaries.
The Board also approved the Draft Letter of Offer for the rights issue and authorized the company to apply for in-principle approval for the fundraising, not exceeding ₹107.00 crores, under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Board meeting commenced at 11:00 A.M. and concluded at 11:30 A.M. on June 29, 2026.
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Viceroy Hotels Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Viceroy Hotels Limited. Read the original for the full detail.