Divestment2 Jun 2026, 12:37 pm
Royal Orchid Hotels Sells Subsidiary Multi Hotels for USD 3.41 Million
AI Summary
Royal Orchid Hotels Limited (ROHL) has completed the divestment of its wholly-owned subsidiary, Multi Hotels Limited, to Greenleaf Properties Limited. The transaction, valued at USD 3,412,500, was finalized on June 2, 2026, following the execution of a share purchase agreement on January 29, 2026. Multi Hotels Limited, which had not yet commenced operations, ceases to be a subsidiary of ROHL effective June 2, 2026. The transaction was conducted at arm's length, and the buyer is not part of the promoter group.
Key Highlights
- Royal Orchid Hotels completed the sale of subsidiary Multi Hotels Limited for USD 3.41 million.
- The transaction was finalized on June 2, 2026, following an agreement signed in January 2026.
- Multi Hotels Limited had not commenced operations prior to the divestment.
- The sale was conducted at arm's length and does not involve the company's promoter group.
Price Impact
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