News for Aruna Hotels Limited (ARUNAHTEL.BO)

In the Nifty 50 index, 34 stocks ended in the green, while 16 stocks closed in the red in today's trade.

Net Sales at Rs 3.87 crore in December 2023 up 1067.74% from Rs. 0.33 crore in December 2022. Story continues below Advertisement Remove Ad Quarterly Net Loss...

Aruna Hotels' promoters and promoter groups have settled a Securities and Exchange Board of India (SEBI) case on the breach of SAST rules. The company's promoters paid ₹2.32 crore ($311,000) towards the settlement charges without admitting or denying the findings of regulators. SEBI had earlier issued a show-cause notice to the applicants for violating SAST (Substantial Acquisition of Shares and Takeovers) norms, before recommending that the matter be settled on payment of the charges.

In the Nifty pack, 44 stocks were trading in the green, while 6 stocks were trading in the red.

The companies come up with rights issue when they want to raise additional funds from the existing shareholders. In the rights issue, the company makes an offer to its current shareholders to buy additional equity in the company at a discounted rate or rights issue price during the rights issue offer period.

The board of directors of Aruna Hotels approved its ₹24.90 crore rights issue. The company will issue 2.49 crore shares at ₹10 a share. The rights entitlement ratio has been fixed as 83 shares for ev

Asian markets opened on a weak note