Balram Chainrai increases stake in the Rodon Hotel to over 35%

11:59 - 14 January 2025

Real Estate Reporter

Balram Chainrai, an investor from Hong Kong, has purchased a further 4,491 shares in the Agricultural Development Company "Proodos" Public Ltd (AGRO), owner of the Rodon Mount Hotel & Resort.

This represents approximately 0.13% of the issued share capital of AGRO, purchased at a price of €3 per share.

Following the aforementioned acquisition, Chainrai directly owns 1,262,929 shares representing approximately 35.18% of the issued share capital and voting rights of AGRO.

Also read: Balram Chainrai’s stake in “Rodon” exceeds 30%

Also read: Balram Chainrai increases his stake in the Rodon Hotel

(Source: InBusinessNews)

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