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MoneyWorks4Me

Country Club seeks strategic investor to fund expansion plans

06 Mar 2014 Evaluate

In a bid to fund its expansion plans, Leisure infrastructure company Country Club India is seeking strategic investor. The company’s promoters who currently hold a 75% stake in the company are planning to reduce it to 60%.

Country Club, with over 90 properties across the country and abroad, is one of the three major time-share holiday resorts companies in India; the other two being Club Mahindra and Sterling Holidays. Of its properties, 32 are company-owned, 23 are on long-lease and the rest are affiliated properties.

Peers
Company Name CMP
The Indian Hotels Co 882.00
ITC Hotels 175.80
Mahindra Holi.&Resor 200.70
EIH 316.65
Chalet Hotels 813.85
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