EIH Ltd, a member of The Oberoi Group, announced on Saturday that it has successfully completed Rs 1,178.86-crore rights issue.
A total of 178,615,442 shares with a face value of Rs 2 at a premium of Rs 64 a share were offered to shareholders as on February 22. The shares were distributed in the ratio of five equity shares for every 11 shares held on the date.
Against applications from shareholders for allotment of 3.34 crore additional equity shares, 1.09 crore equity shares have been allotted. The Committee of the Board of Directors met on Saturday at The Oberoi, Gurgaon, Haryana and approved this allotment.
Despatch of Allotment Advice, Share Certificates, Dematerialised Credit and refund of excess money are being processed. The company is taking steps to list the shares on the BSE, the NSE and the Calcutta Stock Exchange.