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Mahindra Holidays increases stake in Holiday Club Resorts

12 Jan 2017 Evaluate

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.

Peers
Company Name CMP
The Indian Hotels Co 812.00
ITC Hotels 166.25
Mahindra Holi.&Resor 184.90
EIH 291.40
Chalet Hotels 811.35
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