Vidli Restaurants soars on getting `in principle`approval to sell entire investment in Vitizen Hotels
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Vidli Restaurants is currently trading at Rs. 84.57, up by 1.60 points or 1.93% from its previous closing of Rs. 82.97 on the BSE.
The scrip opened at Rs. 84.68 and has touched a high and low of Rs. 84.68 and Rs. 82.25 respectively.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.98 on 11-Jan-2024 and a 52 week low of Rs. 33.00 on 23-Feb-2023.
Last one week high and low of the scrip stood at Rs. 85.45 and Rs. 81.01 respectively. The current market cap of the company is Rs. 98.14 crore.
The promoters holding in the company stood at 67.28%, while Non-Institutions held 32.72% in the company.
Vidli Restaurants has received ‘in principle’ approval to sell, transfer or otherwise dispose, in one or more tranches, entire investment i.e. 31,45,510 equity shares of Rs 10 each (84.01%) held by the Company in its material subsidiary viz. Vitizen Hotels. The Board of Directors of the Company, at its meeting held on January 30, 2024 considered and approved the same.
Vidli Restaurants is engaged in the hospitality business and runs chain of restaurants either through own operated outlets or through franchisee operated outlets.
