HS India gets nod to sell investment in Kesar Motels

HS India has received its board’s approval to sale investment of 25,000 equity shares of Kesar Motels to Sai Ram Krupa Hotels at a consideration of Rs 406 per share amounting to Rs 1,01,50,000.

HS India, formerly known as Hotel Silver Plaza, runs 136 rooms, three-star hotel, Lord’s Plaza, in Surat, in franchise agreement with Lords Inn and Hotels Developers promoted by Bansal and his associates.