With reference to the earlier letter dated April 09, 2015, the Board of Directors of the Company had accorded its approval for the acquisition by the Company of 80.1% equity stake in Lands End Properties (LEPPL) for an aggregate consideration not exceeding Rs 17 crores, Indian Hotels Company has now informed that on October 14, 2015 the Company has completed the purchase of 80.1% equity stake of LEPPL from the erstwhile shareholders of LEPPL and the Board of Directors of LEPPL have recorded and registered the transfer of shares on October 14, 2015. Pursuant to this purchase, LEPPL has become a wholly owned subsidiary of the Company.
The above information is a part of company’s filings submitted to BSE.
