Further investment of ~₹ 78.01 lakh in subsidiary Boutonniere Hospitality; stake rises to 96.17%
Gourmet Gateway India Ltd invested a further ~₹ 78.01 lakh in subsidiary Boutonniere Hospitality Pvt Ltd, subscribing to 52,383 equity shares of face value ₹10/- at ₹148.92/- each on a private placement basis.
By ScoutQuest · · 1 min read
- Further Investment
- ~₹ 78.01 lakh in subsidiary Boutonniere Hospitality Pvt Ltd
- Shares Subscribed
- 52,383 equity shares of face value ₹10/- at ₹148.92/- each on private placement basis
- Stake Change
- rises from about 95.99% to 96.17%
What the company told the exchange
- Gourmet Gateway India Ltd has made a further investment of ~₹ 78.01 lakh in its subsidiary, Boutonniere Hospitality Private Limited (BHPL).
- The investment was made by subscribing to 52,383 fully paid-up equity shares.
- Each share has a face value of ₹10/-, and the issue price was ₹148.92/- per share.
- The shares were issued to the company on a private placement basis.
Why the shareholding moved
- Because the company subscribed to these shares, its holding in BHPL went up from approximately 95.99% to 96.17% of BHPL's paid-up share capital.
- BHPL continues to remain a subsidiary of the company.
What this means in simple terms
A subsidiary is a company in which the parent holds more than half the share capital and therefore controls it. Here, Gourmet Gateway India Ltd already held about 95.99% of BHPL, and after this allotment it holds about 96.17%.
A private placement means the shares were issued directly to the company rather than being bought on a stock exchange. The issue price of ₹148.92/- per share is higher than the face value of ₹10/- per share, so the shares were issued at a premium to their face value.
How investors may read it
- The company is putting in additional money into a business it already controls, rather than buying a new company or selling a stake.
- The rise in its shareholding is small, from approximately 95.99% to 96.17%, so the ownership position in BHPL remains broadly what it was.
- The update states that BHPL continues to be a subsidiary after the allotment.
More numbers
- Further investment in subsidiary BHPL₹ 78,00,876.36/-
- Equity shares subscribed52,383
- Face value per equity share₹10/-
- Issue price per equity share₹148.92/-
- Shareholding in BHPL before allotment95.99%
- Shareholding in BHPL after allotment96.17%
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