MoneyWorks4Me

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 752.00
ITC Hotels 156.10
Mahindra Holi.&Resor 200.15
EIH 294.35
Chalet Hotels 829.30
View more..