MoneyWorks4Me

SEL Manufacturing acquires 99.88% stake in Omega Hotels

27 Mar 2012 Evaluate

SEL Manufacturing Company has acquired 99.88% stake in Omega Hotels and 51.09% stake in SEL Aviation. Pursuant to this acquisition, both Omega Hotels and SEL Aviation has become the subsidiary company of SEL Manufacturing Company.

Omega Hotels is implementing a Hotel Project at Agra in the State of Uttar Pradesh and SEL Aviation is in the business of Aviation Services and holds a Non-Scheduled Operator's Permit under the Director General of Civil Aviation, Rules and Regulations.

SEL Manufacturing Company has over 40 years of experience in the textile industry. At present, it has facilities for manufacturing cotton yarn, combed yarn, knitted fabrics, knitted garments and terry towels.

Peers
Company Name CMP
Vardhman Textiles 568.20
Welspun Living 222.30
Arvind 566.80
Raymond Lifestyle 706.20
K.P.R. Mill 1132.20
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