Stake in Subsidiary Diluted After ₹5.17 Cr Capital Raise
Speciality Restaurants Limited · SPECIALITY · NSE ·
Its subsidiary, Speciality Hotels India Pvt. Ltd. (SHIPL), has raised ₹5.17 Crores through a rights issue. As a result, Speciality Restaurants' ownership in the subsidiary has been significantly diluted, dropping from 98.28% to 68.04%. This represents a material dilution of 30.24…