In compliance with Regulation 30 of the SEBI Listing Regulations, Mahindra Holidays & Resorts India has informed that the Company has today, signed a Memorandum of Understanding (MoU) with the Government of Uttarakhand to establish and develop Club Mahindra Resorts in the State of Uttarakhand. The estimated investment for the above development of Club Mahindra Resorts is expected to be approximately Rs 1,000 crores to be made over the next few years.
The above information is a part of company’s filings submitted to BSE.
