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Velan Hotels informs about completion of sale of hotel property

03 Jul 2026 Evaluate
Further to earlier disclosures dated 13th January 2026, 1st May 2026, 16th June 2026 and 25th June 2026 regarding information on sale of Hotel Property situate at Tirupur to J.P. Associates Asia Pacific Private Ltd, Coimbatore, the purchaser, non-related party; Velan Hotels has informed that after rectification of mistakes in the Town Survey Land Register (TSLR) of the property, the sale was completed on 02/07/2026 for sale consideration of Rs 37,16,02,048 subject to the deduction of the applicable TDS, received in many tranches.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
The Indian Hotels Co 872.00
ITC Hotels 173.30
Mahindra Holi.&Resor 199.05
EIH 311.30
Chalet Hotels 803.85
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