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Mac Charles India explores options for restructuring its hotel building

27 Mar 2014 Evaluate

Mac Charles India has received an approval to explore the possibility of restructuring its hotel building viz., Le Meridien-Bangalore and making financial arrangements for the same. The board of directors at its meeting held on March 26, 2014 has approved for the same. At the same time the board has also advised the chairman to find out the legal and Government clearances for the same.

Mac Charles (India), is engaged in the hospitality business with business integrated into the five-star hotel Le Meridien Bangalore. It is part of the global Le Meridien hotel group.

Peers
Company Name CMP
The Indian Hotels Co 726.00
ITC Hotels 162.05
Mahindra Holi.&Resor 200.20
EIH 294.90
Chalet Hotels 880.80
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