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Country Club (India) may merge Amrutha Estates Hospitality with itself

23 Aug 2011 Evaluate

Country Club India (CCIL) may merge Amrutha Estates Hospitality with itself. The board will meet on September 01, 2011 to consider the proposal of amalgamation and transact the business.

CCIL is one of fastest growing players in the leisure and entertainment industry. The company is a pioneer in the concept of family clubbing in the country. The company operates through its 205 properties out of which 50 are owned and 155 are franchised properties. CCIL presently has 9 subsidiary companies in Goa, Mumbai, Karnataka, Chennai, Kerala, Gujarat and Sri Lanka.

Peers
Company Name CMP
The Indian Hotels Co 744.60
ITC Hotels 155.95
Mahindra Holi.&Resor 200.45
EIH 309.30
Chalet Hotels 859.70
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