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EIH gets nod to sell entire stake in EIH Flight Services

19 Mar 2022 Evaluate

EIH has received approval from board of directors to sale entire shareholding in the wholly owned subsidiary viz. EIH Flight Services, Mauritius for a consideration of Mauritian rupee 325 million (equivalent Rs 55.2 crore). The Board of Directors at its meeting held on March 16, 2022 has approved the same.

EIH is the flagship company of the Oberoi Group, one of the largest luxury hotel chains in India.

Peers
Company Name CMP
The Indian Hotels Co 720.05
ITC Hotels 154.40
Mahindra Holi.&Resor 195.00
EIH 298.40
Chalet Hotels 845.45
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