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.
| Company Name | CMP |
|---|---|
| Indian Hotel | 673.30 |
| ITC Hotels | 164.65 |
| EIH | 335.65 |
| Chalet Hotels | 788.70 |
| Mahindra Holi.&Resor | 239.45 |
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