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Mahindra Holidays & Resorts divests stake in Austrian subsidiaries

04 Dec 2013 Evaluate

In view of divestment of investments held by Mahindra Holidays & Resorts India in its subsidiary companies, BAH Hotelanlagen AG, Austria and MHR Hotel Management GmbH, Austria have ceased to be subsidiaries of the company with effect from November 29, 2013.

The existing arrangement for room inventory will continue between BAH Hotelanlagen AG (which has a hotel property Bon Alpina in Innsbruck, Austria) and the company. Accordingly, Club Mahindra members can continue to avail the room inventory in Bon Alpina.

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 715.40
ITC Hotels 152.25
Mahindra Holi.&Resor 192.45
EIH 283.70
Chalet Hotels 846.15
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