MoneyWorks4Me

Panoramic Universal reduces stake in Seaview Homes to 49%

29 Nov 2012 Evaluate

Panoramic Universal has reduced the stake in Seaview Homes Company from 70% to 49% and therefore the latter is no more a subsidiary of the company. The company’s board of directors at its meeting held on November 08, 2012 has approved the proposal of dilute the equity stake of the company in Seaview Homes Company.

Panoramic Universal engages in the hospitality and information technology businesses. The company owns and operates hotel properties in India, the United States, and New Zealand.

Peers
Company Name CMP
TCS 2083.95
Infosys 1000.95
HCL Technologies 1259.40
Wipro 164.15
Tech Mahindra 1547.00
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