Eco Hotels and Resorts Limited a leading hotel operations and management company, has successfully concluded its Rights Issue, which was oversubscribed by 1.6 times, signaling strong investor confidence in the company’s growth trajectory and its vision of achieving 5,000 hotel keys by FY 2030.
The company received bids for 2,01,78,312 shares against an issue size of 1,28,76,808 shares, raising INR 19.57 crore. The Rights Issue was offered in a 1:4 ratio at INR 15.2 per share, with the first call of INR 3.8 per share, including a premium of INR 5.2 per share and INR 1.3 per share on call money.
The issue saw enthusiastic participation from promoters, senior management, institutional investors, HNIs, and retail shareholders—underscoring faith in the company’s fundamentals and expansion plans.
Commenting on the development, Vinod Kumar Tripathi, Executive Chairman, said, “The overwhelming response reflects investors’ belief in our strategic vision. The proceeds will strengthen our balance sheet, support long-term hotel leases, accelerate new property development, and build a strong pan-India team.”
The success of this Rights Issue reinforces Eco Hotels and Resorts’ commitment to sustainable growth, innovation, and long-term value creation in India’s hospitality sector.
