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.