1. At a Glance
U.P. Hotels Limited (owner of the iconic Clarks hotels) just decided it’s done with the stock market drama. The promoters, Apurv and Anoop Kumar, plan to buy out public shareholders and delist from BSE. The floor price? A royal ₹900 per share — the highest valuation among multiple reports.
2. Intro – Why This Matters
Imagine a hotel that doesn’t want guests anymore — except it’s the stock market guests being asked to check out permanently. With SEBI’s blessing and a neat valuation, the promoters want full control of their hospitality empire, sans public scrutiny.
Key stats that matter:
- Current public shareholding: 11.6%
- Delisting offer price: ₹900 per share (sweet deal or not, depends on you)
- Valuation range: ₹805
