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Mahindra Holidays zooms on inking agreement to acquire 12% stake in Nreach

03 Oct 2016 Evaluate

Mahindra Holidays & Resorts India is currently trading at Rs 465.00, up by 17.40 points or 3.89% from its previous closing of Rs. 447.60 on the BSE.

The scrip opened at Rs. 452.00 and has touched a high and low of Rs. 467.00 and Rs. 452.00 respectively. So far 1377 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 513.30 on 26-Aug-2016 and a 52 week low of Rs. 303.75 on 05-Oct-2015.

Last one week high and low of the scrip stood at Rs. 479.25 and Rs. 437.65 respectively. The current market cap of the company is Rs. 4083.92 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 14.89% and 10.11% respectively.

Mahindra Holidays & Resorts India (MHRIL), leisure hospitality provider, has signed an agreement to acquire a 12% stake in Nreach Online Services (Nreach). The company has agreed to subscribe to new equity shares to be issued by Nreach which will result in company acquiring 12% stake in Nreach.

Nreach is a leading tech-enabled marketplace for experiences, activities and interesting things to do in and around city or in travel destinations. The company owns a brand ‘GIFTXOXO’, which offers over 4000 categories of experiences and activities including travel and adventure, gourmet, health and wellness, and art and learning.

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.

Mahindra Holi.&Resor Share Price

272.70 -1.90 (-0.69%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Indian Hotel 659.55
ITC Hotels 162.45
EIH 321.55
Chalet Hotels 778.90
Mahindra Holi.&Resor 272.70
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