Vidli Restaurants has received ‘in principle’ approval to sell, transfer or otherwise dispose, in one or more tranches, entire investment i.e. 31,45,510 equity shares of Rs 10 each (84.01%) held by the Company in its material subsidiary viz. Vitizen Hotels. The Board of Directors of the Company, at its meeting held on January 30, 2024 considered and approved the same.
Vidli Restaurants is engaged in the hospitality business and runs chain of restaurants either through own operated outlets or through franchisee operated outlets.
