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Chalet Hotels has informed that the Company has arrived at a settlement with HAL in connection with cancellation of NOC for height permission in respect of its Residential Project at Koramangala, Bengaluru. This is a significant milestone towards resolution of the long-standing litigation and work on the project is expected to recommence in the near future.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
The Indian Hotels Co 772.00
ITC Hotels 162.35
Mahindra Holi.&Resor 201.45
EIH 302.15
Chalet Hotels 849.15
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