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Indian Hotels Company Ltd’s shares lost about 10% today
The shares of Indian Hotels Company Ltd fell 9.78 percent to the day’s low of Rs 108.35 and at which the Taj group company has lost 1161.4 cr, in the market capitalization. Today the market cap of Indian Hotels Company Ltd fell to Rs 10,718.78 cr, from Rs11,881.18 crores as on previous day’s close of Rs 120.1. Indian Hotels Company Ltd is issuing equity shares by way of a rights issue to garner an amount not exceeding to Rs 1500 Cr, so as to meet long-term financing requirements for capital expenditure, growth procedures and debt repayment.
Apex Frozen Foods IPO subscribed by 28%
Initial Public Offering (IPO) of Apex Frozen Foods Ltd got subscribed by 28% post lunch hours on the first day of subscription, as per info with NSE. The total issue volume stands at 62,10,000 shares. Total bids obtained by the offer stood at 17,40,320 while the total bids received at cut-off price stood at 12,72,320. The IPO closes on August 24 and the shares will be enlisted on NSE and BSE.