The board of Kamat Hotels (India) has approved allotment of debentures worth Rs 297.50 crore to non promoters.
The company will allot 29,750, 14% secured, rated, listed, redeemable, non convertible debentures having face value of Rs 1 lakh each to four non promoters. The said debentures will be listed on the stock exchanges.The investors include NCUBE Ventures, SBI Funds Management, Purple Clover Tree and SBI FM Special Situation Fund I.
Kamat Hotels (India) is engaged in the hospitality business. The company reported consolidated net profit of Rs 2.37 crore in Q2 FY23 as compared to net loss of Rs 6.83 crore in Q2 FY22. Net sales surged 86.4% YoY to Rs 61.73 crore in Q2 FY23.
The scrip rose 0.63% to Rs 126.85 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Great minds don’t just skim the surface, they uncover the full story.
You’ve hit your limit of {{free_limit}} free articles this month, subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
and get complimentary access to
Smart Quarterly
₹900
3 Months
₹300/Months/month
Smart Essential
₹2700
1 Year
₹225/Months/month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Unlimited access to all articles
30+ premium stories daily, handpicked by our editor
Complimentary Access to The New York Times
News, Games, Cooking, Audio
Wirecutter & The Athletic
Complimentary Access to Our e-Paper
Digital replica of our daily newspaper
Read, save, share any article
Curated Newsletters on Diverse Topics
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Smart Investment Tips
In-depth stock analysis & insights
The Smart Investor for wealth growth tips
Access to Extensive Historical Archives
Repository of articles and publications dating back to 1997
Ad-free Reading Experience
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Repository of articles and publications dating back to 1997