BNP Paribas Arbitrage has acquired 10 lakh shares or 1.12% stake of Mahindra Holidays & Resorts India for Rs 21.30 crore. The financial services firm has picked up the company’s shares at an average price of Rs 213, through an open market deal.
As on June 30, 2013, the promoters holding in the company stood at 75.00%, while institutions and non-institutions held 10.00% and 15.00% stake in the company, respectively.
Mahindra Holidays is part of diversified Mahindra Group Company and is a leading player in the leisure hospitality industry, offering family holidays, primarily through vacation ownership memberships.
