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Vascon Engineers to sell its holding in Viorica Hotels for Rs 15.60 crore

13 Dec 2016 Evaluate

Vascon Engineers has received an approval for sale of its holding in Viorica Hotels for a consideration of Rs 15.60 crore. The board of directors at its meeting held on December 13, 2016 has approved for the same.

Earlier in February, the company had sold 66,69,492 shares or 19.07% of share capital of Ascent Hotels to Samhi Hotels (SAMHI) for a total consideration of Rs 26.67 crore by Share Purchase Agreement.

Vascon Engineers has significant experience in providing EPC services, which include, constructing factories, hospitals, hospitality properties, office and residential complexes, shopping malls, multiplexes, IT parks and other buildings.



Vascon Engineers Share Price

37.79 -0.99 (-2.55%)
20-Apr-2026 15:04 View Price Chart
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