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BNP Paribas acquires 1.12% stake in Mahindra Holidays for Rs 21.30 crore

05 Oct 2013 Evaluate

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.

 

Peers
Company Name CMP
The Indian Hotels Co 812.00
ITC Hotels 166.25
Mahindra Holi.&Resor 184.90
EIH 291.40
Chalet Hotels 811.35
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