Business Update11 Feb 2024, 06:12 pm
Easy Trip Planners to Invest INR 100 Crores in Ayodhya 5-Star Hotel
AI Summary
The Board of Directors of Easy Trip Planners has in-principally approved the proposal to open a 5-star hotel in Ayodhya, subject to final approvals. The company will invest INR 100 crores in Jeewani Hospitality Private Limited, a company under incorporation, for 50% of the aggregate share capital on a fully diluted basis through a swap.,
Key Highlights
- Proposal to open a 5-star hotel in Ayodhya
- Investment of INR 100 crores
- In-principal approval from Board of Directors
- Subject to final approvals
- Jeewani Hospitality Private Limited