Apeejay Surrendra Park Hotels Share Price Live

Apeejay Surrendra Park Hotels Limited was formerly incorporated on November 27, 1987, as Budget Hotels Limited, issued by the Registrar of Companies, Bangalore at Karnataka. Subsequently, pursuant to ... an Acquisition Agreement dated May 5, 1999 entered into between Apeejay Hotels Delhi and the Erstwhile Shareholders of the Company, entire Issued and Paid Up Equity Share Capital of the Company, of the Company constituting 571,940 Equity Shares of Face Value of Rs. 100 each was acquired by Apeejay Hotels Delhi and Company became wholly owned subsidiary of Apeejay Hotels Delhi. Subsequently, Apeejay Hotels Delhi, and Gemini Hotels and Holdings Limited (a wholly owned subsidiary of Apeejay Hotels Delhi) were amalgamated with Company, with Appointed Date, April 1, 2001. And thereafter, name of the Company was changed from Budget Hotels Limited to Apeejay Surrendra Park Hotels Limited, on March 29, 2004 vide Certificate of Incorporation issued by the RoC. The Company is a part of the Apeejay Surrendra Group which is a leading Indian conglomerate. The Group's business is spread across industries such as hospitality, shipping, tea, real estate, retail brands such as Oxford bookstores, and education. The Company own and manage hotels, with its first hotel launched under brand 'THE PARK' at the iconic Park Street in Kolkata. It operate hotels under 3 brands, 'THE PARK, 'THE PARK Collection' and 'Zone by The Park'. At present, it operate 38 outlets in Kolkata, and 1 outlet each in Navi Mumbai and New Delhi. The Company has a pan-India presence in metros such as Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, Delhi - NCR as well as in other major cities such as Coimbatore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Raipur and Visakhapatnam. It operate a retail food and beverage business segment under the brand Flurys', which possesses a distinctive track record since it was first established as a tea room and confectionery shop in Kolkata. Pursuant to the Scheme of Amalgamation of Apeejay Hotels Delhi (the then Holding Company) and Gemini Hotels (a wholly-owned Subsidiary of Apeejay Hotels Delhi) with Company, the entire shareholding of Company held by Apeejay Hotels Delhi was cancelled from the effective date of the Scheme , November 28, 2003. Pursuant to the Scheme of Amalgamation sanctioned by the High Court of Bombay, High Court of Andhra Pradesh and High Court of Karnataka, Skylight Hotels Private Limited, Skylight Properties Private limited, Rooshna Hotel Private Limited, Rooshna Estates Private Limited, Oak Park Hotels Private Limited, Orchard Park Hotels Private Limited, Chelsea Hotels Private Limited, Lake Park Hotels Private Limited, Innsignia Hotels Private Limited, Lake Plaza Hotel Private Limited, Vizag Sea Park Hotel Private Limited, and New Bombay Park Hotel Private Limited (Transferor Companies), which were wholly owned subsidiaries of Company, were amalgamated to Company, and as a result, the Scheme became operational from Appointed Date i.e., April 1, 2008, on a going concern basis, which was effective on June 4, 2010, through which the Amalgamation Orders were filed with the respective Registrar of Companies, by the Company and the Transferor Companies. Since the Transferor Companies were wholly owned subsidiaries of Company, the entire share capital of the Transferor Companies were beneficially held by Company, no consideration was paid, no shares of Company were issued and allotted by way of consideration for transfer and vesting of Transferor Companies in the Company and were dissolved without winding up. In 2019, owing to the Business Transfer Agreement executed between Flury's Swiss Confectionery and the Company, the confectionery business of Flury's Swiss Confectionery was transferred to the Company on a going concern basis, which became effective from October 1, 2019. The Company is planning to come out with an Initial Public Offering aggregating upto Rs. 1000 crore Equity Shares, comprising Rs 400 crore through fresh issue and Rs 600 crore through Offer for sale. Read More