Viceroy Hotels Limited — Important, 25-11-2024: Disclosure of material issue

Viceroy Hotels Limited has announced a board meeting addressing a rights issue, enabling the issuance of up to 4,421,053 fully paid-up equity shares at an issue price of Rs. 112 each. The total size of the rights issue amounts to approximately Rs. 4,951.58 Cr. Public shareholders will be entitled to apply for shares at a ratio of 7 equity shares for every 10 shares held as of the record date, set for November 29, 2024. The rights issue is scheduled to open on December 12, 2024, and close on December 24, 2024, with market renunciations permitted until December 18, 2024. Post-issue, the outstanding equity shares will increase to approximately 6,757,948. The company is focused on enhancing its capital base, presenting potential growth opportunities for investors, particularly if subscription levels meet expectations.