Sayaji Hotels has received an approval to sell 63,10,558 equity shares of Barbeque-Nation Hospitality held by Sayaji Hotels to Sayaji Housekeeping Services (a wholly owned subsidiary of the company) at carrying value per share. The board of directors at its meeting held on March 19, 2016 has approved for the same.
Sayaji Hotels is an India-based company engaged in the hotel business. It has operations In Indore, Bhopal, Pune, Vadodara and Kolhapur.