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Incorporated in 1982, Asian Hotels (North) Ltd is in the business ofHospitality, Real estate and Power Generation
Asian Hotels (North) Limited received trading approval for 2.318 Cr preferential equity shares at Rs. 330 each, raising Rs. 764.94 Cr. These new shares are now tradable on the exchange.
Asian Hotels (North) has received final listing approval for 2.318 crore new equity shares issued preferentially to Elana Holdings. This issuance, priced at Rs. 330/share, injects approximately 764.94 Cr into the company.
Asian Hotels (North) received a Rs 0.045 Cr fine from NSE for not complying with board composition rules, specifically regarding a woman director. The company reports no material financial impact.
Asian Hotels (North) saw its bank facility credit rating (IVR D) withdrawn by Infomerics after fully repaying the Rs. 685.05 Cr facilities. This eliminates rated debt, indicating a significant reduction in financial leverage and a positive de-risking step for the company.
Asian Hotels (North) was fined ₹0.045 Cr by BSE for failing to appoint a woman director. The company states no material financial or operational impact.