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Foreign investment in CHL reaches trigger limit

06 Jun 2014 Evaluate

Reserve Bank of India (RBI) has notified that the foreign share holding in CHL by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme (PIS) has reached the trigger limit of 8%. Accordingly, further purchases of equity shares of this company would be allowed only after obtaining prior approval of the RBI.

The main objective of CHL was to run the business of a 5-- star Deluxe Hotel in South Delhi, which should have all the facilities/comforts as per the needs of the tourist/corporate bodies. The promoters of CHL are the members of the Malhotra family, having about 71.53% of shareholding.

CHL Share Price

27.60 0.00 (0.00%)
14-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
The Indian Hotels Co 720.00
ITC Hotels 166.70
EIH 296.05
Chalet Hotels 844.00
Mahindra Holi.&Resor 224.90
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