In furtherance to its intimation dated February 9, 2024 about the in-principle approval given by the Board of Directors to demerge the hospitality business consisting of the hotel business and assets more particularly described therein with the ultimate objective of unlocking value for the stakeholders, D B Realty has informed that a subsidiary of the Company has appointed Rahul Pandit, as President & Executive Director and as Senior Management Personnel (SMP) effective March 1, 2024. Subject to necessary approvals and upon the proposed demerger scheme becoming effective, it is intended that Rahul Pandit will be appointed as the Managing Director & CEO of the demerged hotel entity, proposed to be listed on both the BSE & NSE.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
Dilip Buildcon | 466.65 |
Macrotech Developers | 1211.00 |
NBCC (India) | 138.70 |
Prestige EstatesProj | 1458.75 |
DLF | 877.75 |
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