Mahindra Holidays & Resorts India (MHRIL) has subscribed to balance 3,25,547 equity shares of Great Rocksport (Rocksport) for a total cash consideration of Rs 7.99 crore on September 15, 2022 and now the Company’s shareholding in Rocksport has gone up to 23.42% of the paid-up share capital of Rocksport.
It is expected that the investment in Rocksport will increase customer engagement avenues for the Company, whereby the Company and Rocksport can engage in multiple formats for its members especially within resorts of the Company. Further, it is expected that there will be cross selling of products by both parties for their growth and benefits.
Mahindra Holidays & Resorts India (MHRIL), a part of Leisure and Hospitality sector of the Mahindra Group, offers quality family holidays primarily through vacation ownership memberships and brings to the industry values such as reliability, trust and customer satisfaction.
