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Sinclairs Hotels gets nod to divest 2% of its holdings in Savannah Hotels

22 Mar 2013 Evaluate

Sinclairs Hotels has received board’s approval for divestment of 2% of its holdings in Savannah Hotels. The company’s board gave their approval at its meeting held on March 20, 2013. Pursuant to this divestment, Savannah ceases to be a subsidiary of the company. The company earlier held 51.02% equity of Savannah.

The company presently operates in the hospitality sector; it owns and manages chain of hotels in India under the brand Sinclairs.

Peers
Company Name CMP
The Indian Hotels Co 713.25
ITC Hotels 158.20
Mahindra Holi.&Resor 193.40
EIH 297.15
Chalet Hotels 827.45
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