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Mac Charles sells stake in material subsidiary

22 Mar 2022 Evaluate

Mac Charles (India) has sold its 29,987 equity shares of Rs 10 each held in its material subsidiary i.e. Airport Golf View Hotels and Suites to Crackers India Infrastructure for a consideration of Rs 29.13 crore.

Mac Charles (India), incorporated on October 28, 1979, is engaged in the hospitality business with business integrated into the five-star hotel Le Meridien Bangalore.

Peers
Company Name CMP
The Indian Hotels Co 726.00
ITC Hotels 162.05
Mahindra Holi.&Resor 200.20
EIH 294.90
Chalet Hotels 880.80
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