Jindal Hotels has informed that the Board of Directors of the Company at its meeting held today, i.e. on Friday, 25th March, 2022, have discussed and approved the following matter: The Company have issued & alloted 3,50,000 Equity Shares of Rs 10 each at a price of Rs 42 (price computed in accordance with ICDR Regulations), per Equity Share for cash aggregating to Rs 1,47,00,000 to the Promoters namely Piyush D. Shah & Chanda P. Agrawal [proposed allotees] on preferential basis.
The above information is a part of company’s filings submitted to BSE.
