Investment5 Mar 2024, 11:04 pm
INDIAN HOTELS CO.LTD. invests Rs. 350000000 in wholly-owned subsidiary Zarrenstar Hospitality Private Limited
AI Summary
The Indian Hotels Company Limited has invested Rs. 35,00,00,000 in the equity shares of Zarrenstar Hospitality Private Limited, a wholly-owned subsidiary, for developing a hotel near Cochin International Airport. The transaction is exempt under related party transactions and the company's acquisition shareholding remains at 100%.,
Key Highlights
- Investment in Zarrenstar Hospitality Private Limited
- Development of hotel near Cochin International Airport
- Wholly-owned subsidiary
- Related party transaction