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.