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Kamat Hotels to offload entire stake in Orchid Hotels Pune

29 Jun 2018 Evaluate

Kamat Hotels (India) has received an approval to transfer 100% equity shares held by the company in Orchid Hotels Pune, a wholly owned subsidiary of the company, to one or more potential investor. The Board of Directors of the company at their meeting held on June 29, 2018, approved the same.

Kamat Hotels (India) is engaged in the business of hospitality and allied businesses. The company principally operates hotels and restaurants.

Peers
Company Name CMP
The Indian Hotels Co 740.40
ITC Hotels 161.00
Mahindra Holi.&Resor 200.55
EIH 301.85
Chalet Hotels 884.45
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