Viceroy Hotels Limited — Important, 27-11-2024: General Updates

Viceroy Hotels Limited has reported the sale of 13,846 fractional shares resulting from the restructuring of shareholding following court-approved Resolution Plan. The company canceled 56,87,781 shares belonging to the former promoters, leading to the consolidation and extinguishment of public shareholdings. The fractional shares were sold for an average price of ₹130.98, with proceeds set to be distributed to the relevant shareholders shortly. Shareholders are encouraged to update their KYC information with the company’s Registrar and Transfer Agent as necessary. Keep an eye on potential implications regarding shareholder returns and overall share structure adjustments.