MoneyWorks4Me

SBI Mutual Fund divests 8.43% stake in Royal Orchid Hotels

06 Jan 2016 Evaluate

SBI Mutual Fund has sold 22,98,035 shares constituting 8.4381% of paid up share capital of Royal Orchid Hotels. It was the only shareholder other than promoter, who was holding more than 1 percent stake in the company. The promoter and promoter group held 71.02% stake in the hotel company, as of September 2015.

Royal Orchid Hotels is India’s fastest growing hotel chain. It has 29 hotels in its portfolio.


Peers
Company Name CMP
The Indian Hotels Co 745.05
ITC Hotels 159.80
Mahindra Holi.&Resor 198.65
EIH 295.65
Chalet Hotels 836.10
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