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Mahindra Holidays gets nod to merge subsidiary with itself

02 Mar 2016 Evaluate

Mahindra Holidays and Resorts India has received approval from the Delhi High Court to merge its subsidiary Competent Hotels with itself. The company also has the approval of various other high courts to merge subsidiaries Competent Hotels, Divine Heritage Hotels and Holiday on Hills Resorts with itself. The mergers will be effective after filing a copy of the orders with the respective Registrar of Companies.

Mahindra Holidays & Resorts is India’s leading player in the vacation ownership industry offering quality family holidays primarily through vacation ownership memberships. While Club Mahindra is the flagship brand, the other brands offered by the company include Club Mahindra Fundays and Club Mahindra Travel.

Peers
Company Name CMP
The Indian Hotels Co 718.45
ITC Hotels 153.30
Mahindra Holi.&Resor 192.90
EIH 288.75
Chalet Hotels 851.10
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