Speciality Restaurants, the company behind several fine-dining restaurant chains including Mainland China, Oh! Calcutta, Sigree Global Grill, Episode One, and Haka, has garnered INR 127 crore through a preferential issue.
The funds raised will be utilized to construct new restaurants and to finance the upgrade of existing ones.
The business released 60 lakh warrants that can be converted into equity shares, which will cause an increase of 12.78 percent in its paid-up equity share capital when the conversion takes place.
Anjan Chatterjee, Chairman of Speciality Restaurants Limited, said, “With the completion of this issue, we have raised significant capital to pursue new business opportunities and continue to deliver value to all our shareholders.”
The Prabhudas Lilladher Group’s investment banking and corporate advisory division, PL Investment Banking, facilitated the capital-raising process.
Speciality Restaurants manages nearly 87 restaurants and 40 confectionery shops dispersed across 14 Indian cities. Additionally, it holds a joint venture for operating two restaurants in the UAE, one in Qatar, and one in London.
