Eco Hotels and Resorts Limited, a leading hotel operations and management company, has successfully raised Rs 19.57 crore through a rights issue, which was oversubscribed 1.6 times, reflecting strong shareholder confidence in the company’s vision to achieve 5,000 hotel keys by FY2030.

The rights issue, offered in a 1:4 ratio at Rs 15.2 per share with a first call of Rs 3.8 per share, received 2,01,78,312 bids against the issue size of 1,28,76,808 shares. The issue witnessed participation from promoters, senior management, institutional investors, high-net-worth individuals, and retail investors, highlighting Eco Hotels’ resilient fundamentals and growing presence in the hospitality sector.

Mr. Vinod Kumar Tripathi, Executive Chairman, said, “The overwhelming participation by our shareholders reflects belief in our strategic vision and growth plans. The funds raised will strengthen our balance sheet and support strategic investments in leasing hotel properties and selective acquisitions across key growth areas in India.”

The proceeds from the rights issue will be used for:

Leasing hotel properties on a long-term basis and providing security deposits to property owners

Construction advances to expedite hotel completions

General corporate expenses

Building a strong team across India to drive future-focused hospitality initiatives

The successful completion of the rights issue reinforces Eco Hotels and Resorts’ commitment to long-term value creation, innovation, and prudent financial management.