Mahindra Holidays & Resorts India, through its step down subsidiary -- Covington S.a.r.l, Luxembourg (Covington) -- has increased its stake in Holiday Club Resorts Oy, Finland (HCR) by acquiring additional 6.33% stake in the share capital of HCR. Consequently, its stake in HCR has been increased from 85.61% to 91.94%. The company has acquired the said stake for Euro 4.37 million.
Mahindra Holidays & Resorts is India’s leading player in the vacation ownership industry offering quality family holidays primarily through vacation ownership memberships.
