MoneyWorks4Me

Royal Orchid Hotels gets nod for restructuring debts

01 Jan 2013 Evaluate

Royal Orchid Hotels has received its board’s consent for making reference to the Corporate Debt Restructuring (CDR) Cell for restructuring the debts of the Company under CDR mechanism formulated by Reserve Bank of India, vide circular dated August 23, 2001 as amended from time to time.

Royal Orchid Hotels, is the flagship of the entity of Royal Orchid Group of Hotels, operates 13 business and leisure hotels in six popular destinations. With 17 unique hospitality concepts in the offing, the Royal Orchid Group of Hotels is amongst India’s fastest growing hotel groups.

Peers
Company Name CMP
The Indian Hotels Co 725.65
ITC Hotels 162.00
Mahindra Holi.&Resor 200.65
EIH 294.20
Chalet Hotels 892.05
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