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Mac Charles decides to make investment of up to Rs 260 crore in two firms

22 Mar 2019 Evaluate

Mac Charles (India) has decided to make an investment of a sum up to Rs 260 crore to acquire 100% shareholding in Blue Lagoon Real Estate and Neptune Real Estate, which are related parties to the company. The Board of Directors of the company at its meeting held on March 21, 2019, decided the same.

Mac Charles (India) is engaged in the hospitality business with business integrated into the five-star hotel Le Meridien Bangalore.

Peers
Company Name CMP
The Indian Hotels Co 726.00
ITC Hotels 162.05
Mahindra Holi.&Resor 200.20
EIH 294.90
Chalet Hotels 880.80
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