Asian Hotels Board Fixes Record Date For 1:2 Bonus Shares

A small-cap business with a market valuation of ₹397.02 crores, Asian Hotels (East) Ltd., operates in the consumer discretionary goods and services (CDGS) industry. The hospitality sector is a field of business for Asian Hotels (East) Limited. The record date for the purpose of the 1:2 bonus shares has been established by the firm as Friday, October 7, 2022.

The company said today in a regulatory filing that “The Board of Directors of the Company at its meeting of even date has inter-alia, fixed the Record Date as Friday, 7th October, 2022 for determining the names of the equity shareholders of the Company who shall be entitled to be allotted: a) bonus equity shares of the Company in the ratio 1:2 i.e. one fully paid up bonus equity share for every two equity shares held in the Company (as of the Record Date); and b) new equity shares of Robust Hotels Private Limited, Chennai (Robust) in the ratio 1:1 i.e. one new fully paid up equity share of Robust for every one equity share held in the Company (as of the Record Date) post issue of bonus shares in terms of the scheme.”

Today’s closing price for Asian Hotels East Ltd was ₹344.40 per share, down 0.53% from yesterday’s finish of ₹346.25. The company had a total volume of 49,348 shares traded today, which was more than the 20-Day average volume of 33,611 shares.

Over the last five years, the stock has increased by 30.06%, and over the last three years, it has increased by 96.38%. The stock has increased by 85.93% over the last year, and year to date in 2022, it has up by 77.14%. The stock has increased 50.21% in the last month and 72.49% over the last six months.

The stock has gained 12.40% over the last five days, but during the last two days it has been losing ground, losing -6.34%. The stock was trading above the exponential moving averages of 5 days, 10 days, 20 days, 50 days, 100 days and 200 days at its closing price today (EMA).

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