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

The Rights Issue Committee has set the record date for the rights issue at Friday, November 29, 2024, which allows public shareholders to apply for new shares. A total of 44,21,053 fully paid-up equity shares will be offered at an issue price of Rs. 112 each, raising approximately Rs. 4,951.58 Cr. The rights issue opens on December 12, 2024, and will close on December 24, 2024. Shareholders will receive seven new shares for every ten they currently own. Following the successful subscription of the new issue, the total outstanding shares will rise to approximately 6,75,78,948 shares from 6,31,57,895 currently, assuming full subscription. This rights issue could provide Viceroy Hotels with significant capital to bolster investment and operational strength, presenting potential growth avenues.