MoneyWorks4Me

HS India gets nod to sell investment in Kesar Motels

31 Jan 2012 Evaluate

HS India has received its board’s approval to sale investment of 25,000 equity shares of Kesar Motels to Sai Ram Krupa Hotels at a consideration of Rs 406 per share amounting to Rs 1,01,50,000.

HS India, formerly known as Hotel Silver Plaza, runs 136 rooms, three-star hotel, Lord’s Plaza, in Surat, in franchise agreement with Lords Inn and Hotels Developers promoted by Bansal and his associates.

Peers
Company Name CMP
The Indian Hotels Co 724.30
ITC Hotels 158.00
Mahindra Holi.&Resor 201.00
EIH 291.45
Chalet Hotels 817.25
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