Sale29 Jan 2026, 09:27 pm
Royal Orchid Hotels Ltd Sells Subsidiary Multi Hotels Limited to M/s Greenleaf Properties Limited
AI Summary
Royal Orchid Hotels Ltd has executed an agreement for the sale of its subsidiary company, Multi Hotels Limited, to M/s Greenleaf Properties Limited. The sale was effective from January 29, 2026, with the consideration of USD 3,412,500. The buyer, M/s Greenleaf Properties Limited, is a company registered in Tanzania and does not belong to the promoter/promoter group/group companies of the Royal Orchid Hotels Ltd. The transaction is done at ‘arms’ length’. The trading window for buying/selling/dealing/trading in the shares of ROHL will remain closed for Quarterly Financial Results.
Key Highlights
- Royal Orchid Hotels Ltd sells its subsidiary, Multi Hotels Limited, to M/s Greenleaf Properties Limited.
- The sale was effective from January 29, 2026, with the consideration of USD 3,412,500.
- The buyer, M/s Greenleaf Properties Limited, is a company registered in Tanzania and does not belong to the promoter/promoter group/group companies of the Royal Orchid Hotels Ltd.
- The transaction is done at ‘arms’ length’.
- The trading window for buying/selling/dealing/trading in the shares of ROHL will remain closed for Quarterly Financial Results.