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The company made this announcement after market hours on Thursday, 7 January 2010.
Meanwhile, the BSE Sensex was down 51.66 points, or 0.29%, to 17,564.06.
On BSE, 6.91 lakh shares were traded in the counter as against an average daily volume of 1.36 lakh shares in the past one quarter.
The stock hit a high of Rs 55.40 and a low of Rs 53.50 so far during the day.
The company's equity capital is Rs 42.41 crore. Face value per share is Rs 10.
Viceroy Hotels' board has also decided to raise another Rs 70 crore through a stake sale to institutions. The company will sell one crore-equity shares of Rs 10 each to raise funds, Viceroy Hotels said in a filing with BSE.
Viceroy Hotels reported net loss of Rs 0.63 crore in Q2 September 2009 as compared to net profit of Rs 0.95 crore in Q2 September 2008. Net sales declined 30.9% to Rs 13.10 crore in Q2 September 2009 over Q2 September 2008.
Viceroy Hotels is a mid-sized hotel and resort chain
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