Intellivate Capital Ventures touches roof on making further investments in Boutonniere Hospitality
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Intellivate Capital Ventures is locked at its upper circuit limit of Rs. 107.12, up by 2.10 points or 2.00% from its previous closing of Rs. 105.02 on the BSE.
The scrip opened at Rs. 105.02 and has touched a high and low of Rs. 105.02 and Rs. 105.02 respectively. So far 3702 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 107.12 on 20-Oct-2023 and a 52 week low of Rs. 11.08 on 31-Oct-2022.
Last one week high and low of the scrip stood at Rs. 107.12 and Rs. 98.99 respectively. The current market cap of the company is Rs. 479.87 crore.
The promoters holding in the company stood at 49.54%, while Non-Institutions held 50.46% in the company.
Intellivate Capital Ventures has made further investments to the extent of Rs 2.89 crore in its Subsidiary Company, Boutonniere Hospitality, incorporated on September 24, 2009, by way of subscription to 2,14,814 fully paid up equity shares of face value of Rs 10 each on private placement basis, at a price of Rs 135 each (Issue Price) (including a premium of Rs 125 each). The Company needs to raise additional funds to have access to long term resources to meet its growth requirements and for general corporate purposes.
Intellivate Capital Ventures has played a key role in establishing the foundation for several businesses in India, by providing funding to companies in sectors as diverse as Information Technology, Media & Entertainment, Financial Services, Infrastructure, Construction services, Real Estate, Logistics, etc.
