Fomento Resorts & Hotels has received an approval to raise funds to the tune of Rs 70 crore by issue of preference shares on private placement basis, subject to the approval of the shareholders of the company. The board of directors at its meeting held on August 08, 2014 has approved for the same.
Fomento Resorts & Hotels is engaged in the hospitality industry. With its beautifully serene and secluded beach, the resort offers an entire range of facilities - watersport, -- ShowBoat -- the entertainment center, a gaming casino, a health club and other sports, ensuring a complete holiday.