28/09/2022

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Advani Hotels surges 20% after RK Damani & family ups stake in the company

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Shares of Advani Inns & Resorts (India) surged 20 for each cent to Rs 99.45 on the BSE in Thursday’s intra-day trade just after ace investor Radhakishan S Damani and his household improved their stake to 5.17 per cent in the business by means of open up current market buys.

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At 12:30 am the stock traded 16 per cent better at Rs 95 on the back again of significant volumes. In comparison, the S&P BSE Sensex was up .38 for every cent at 58,220. The investing volumes at the counter jumped over 4-fold with a put together 2.43 million shares symbolizing 5.3 for every cent of full fairness of Advani Inns altering fingers on the NSE and BSE. The stock experienced hit an all-time significant of Rs 108.20 on February 8, 2022.&#13
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“Radhakishan S Damani, Shrikantadevi R Damani and M/s Derive Investments (partners- Radhakishan S Damani and Gopikishan S Damani) has obtained 145,203 fairness shares or .31 for each cent stake in the firm through open up market order,” Derive Investments knowledgeable on February 16, 2022, Advani Motels mentioned in an exchange submitting.

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RK Damani and relatives acquired these shares among February 14, 2022 and February 15, 2022. Article acquisition, their stake in the enterprise greater to 5.17 for every cent from 4.86 for each cent before, the firm said.

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As on December 31, 2021, Gopikishan S Damani held 4.18 for every cent stake in Advani Lodges, the shareholding sample knowledge showed.

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In the meantime, on February 9, 2022, Delta Corp sold 283,024 shares of Advani Hotels at ordinary price of Rs 90.39 for each share by using block offer, the NSE details showed.

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Advani Accommodations owns and operates the 201-critical, 5-Star Deluxe, Caravela Beach Vacation resort Goa, on a 23-acre estate, positioned on the powdery white sands of Varca Beach front in South Goa.

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