Indian Hotels Rights issue : Board to meet on Sept 27

Indian Hotels which has previously announced that its considering an rights isse has today informed the exchanges that the Board meeting will be held on September 27 2007 to finalise the rights issue.
    
At 1.55 pm Indian Hotels Company is quoting at Rs 137.65, up Rs 6.70, or 5.12%. It has touched an intraday high of Rs 139.50 and an intraday low of Rs 132.10.

It is trading with volumes of 2,582,405 shares on the NSE. On Friday the share closed up 1.95% or Rs 2.50 at Rs 130.95.