Balram Chainrai increases his stake in the Rodon Hotel

11:23 - 31 December 2024

Real Estate Reporter

Investor Balram Chainrai has moved forward with a new increase in his stake in the Rodon Mount Hotel & Resort in Agros.

More specifically, on 30 December, Chainrai proceeded to purchase 5,195 shares of the Agros Development Company “Progress” Public Ltd, the owner of the Rodon Hotel, representing approximately 0.14% of the company's issued share capital, at a price of €3 per share.

Following the aforementioned acquisition, he now directly holds 102,034 shares representing approximately 2.84% of the issued share capital and voting rights of the company.

It is recalled that the investor, on 23 December, Chainrai purchased 384 shares of the Agricultural Development Company ''Proodos Public Ltd'' at a price of €2.96 per share and 481 shares of the company at a price of €3 per share, representing in total approximately 0.02% of the issued share capital.

Moreover, on 20 December, Balram Chainrai had proceeded to purchase 95,974 shares of the company, which represented approximately 2.67% of the issued share capital of the company, at a price of €3 per share.

(Source: InBusinessNews)

Balram Chainrai increases his stake in the Rodon Hotel

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