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SAMHI Hotels Limited has approved an investment of up to INR 20.50 crore in its wholly-owned subsidiary, Duet India Hotels (Chennai OMR) Private Limited. The investment aims to subscribe to up to 2.05 crore equity shares at a face value of INR 10 each through a rights issue. Post-investment, SAMHI's shareholding in Duet Chennai OMR will remain at 100%. This funding is intended for repaying inter-corporate deposits, positioning the subsidiary for stronger operational stability. Duet Chennai OMR operates in the hospitality sector and reported a turnover of INR 151.10 million for FY 2023-24. Investors should monitor this development as it reinforces SAMHI’s commitment to its subsidiary and could potentially enhance growth prospects in the hospitality market.