MoneyWorks4Me

Indian Hotels Company informs about outcome of Board Meeting

09 Apr 2015 Evaluate

Indian Hotels Company has informed that the Board of Directors of the Company at its meeting held on April 09, 2015, has accorded their approval to the proposed acquisidon by the Company of the balance 80.1% equity stake in Lands End Properties Private Limited (LEPPL), for an aggregate consideration not exceeding Rs. 17 crores thereby making LEPPL a 100% subsidiary of the Company. Pursuant to the foregoing, ELEL Hotels & Investments Limited, the licensee of the erstwhile hotel Sea Rock site, will become a subsidiary of the Company.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
The Indian Hotels Co 740.00
ITC Hotels 158.70
Mahindra Holi.&Resor 199.40
EIH 294.55
Chalet Hotels 839.75
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