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 3.22% stake in the share capital of HCR. Consequently, the company's stake in HCR has gone up to 95.16% from 91.94%.
Mahindra Holidays & Resorts is India’s leading player in the vacation ownership industry offering quality family holidays primarily through vacation ownership memberships.