Royal Orchid Hotels gets nod to make additional investment in Icon Hospitality

Royal Orchid Hotels Ltd. | Hotel, Resort & Restaurants | Travel & Hospitality | BSE: 532699 | NSE: ROHLTD

31 May 2023 Evaluate

Royal Orchid Hotels has received approval for additional investment in Icon Hospitality, a Subsidiary Company (ICON) by way of purchase of 9,29,872 equity shares of ICON (representing 48.93% of equity share capital of ICON) from the existing Shareholders of ICON. On completion of the said purchase, the company's shareholding in ICON would increase from 51.07% to 100%. The Board of Directors of the company at its meeting held on May 30, 2023, approved the same.

Royal Orchid Hotels is one of India's fastest-growing hospitality brands.

Peers

Company Name	CMP
The Indian Hotels Co	726.00
ITC Hotels	161.90
Mahindra Holi.&Resor	200.20
EIH	295.15
Chalet Hotels	874.60
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.