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Kamat Hotels jumps on receiving approval for OTS proposal

30 Jun 2017 Evaluate

Kamat Hotels (India) is currently trading at Rs. 51.20, up by 0.80 points or 1.59% from its previous closing of Rs. 50.40 on the BSE.

The scrip opened at Rs. 51.70 and has touched a high and low of Rs 51.95 and Rs 51.20 respectively. So far 7756 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 56.75 on 05-Jun-2017 and a 52 week low of Rs. 25.50 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 52.00 and Rs. 48.95 respectively. The current market cap of the company is Rs. 121.58 crore.

The promoters holding in the company stood at 60.90%, while Institutions and Non-Institutions held 1.10% and 38.01% respectively.

Kamat Hotels (India) has received an approval from Central Bank of India (CBI) approving the One Time Settlement (OTS) proposal. The company has been facing cash flow mismatch due to which the debt has become a Non- Performing Asset (NPA). As per the approved OTS Scheme, the company is expected to repay the debt in a structured manner over a period of twelve months.

Kamat Hotels (India) is engaged in the business of hospitality and allied businesses. The company principally operates hotels and restaurants.

Kamat Hotels (India) Share Price

167.85 0.00 (0.00%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Indian Hotel 659.90
ITC Hotels 162.45
EIH 334.95
Chalet Hotels 780.20
Mahindra Holi.&Resor 268.20
View more..

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