TGB Banquets & Hotels Share Price

The Company was incorporated in Ahmedabad on 1st November, 1999 as a private limited Company under the name and style of Bhagwati Banquets Pvt Ltd. The Company was subsequently converted to public Ltd. The name of the Company was changed to Bhagwati Banquets and Hotels Ltd. The Company obtained the fresh certificate of incorporation consequent to conversion and name change on 13/04/2000. The company has opened a hotel at Ahmedabad namely 'The Grand Bhagwati', a three star deluxe hotel, which started its operations from June 2002. While there are 37 rooms, a restaurant and a coffee shop, its core competency and facility is banqueting. It possesses three banquet halls, which can hold 5400 persons on two-shift basis, all in air-conditioned comfort.It has a large lounge and a captive, easy parking facility to match the size of its banquet facility. The company has purchased 100% Shares of Lov Kush Properties Pvt Ltd on 20/04/2006. Lov Kush Properties Pvt ltd became wholly owned subsidiary of our company. April 2007, The company has entered into capital market. The company has issued 2,30,00,000 Equity shares to the public. Issue price is Rs.40/- per share.