INDIAN HOTELS CO.LTD. - Outcome of Board Meeting

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09 Apr 2015
Indian Hotels Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 09, 2015, has accorded their approval to the proposed acquisidon by the Company of the balance 80.1% equity stake in Lands End Properties Private Limited (LEPPL), for an aggregate consideration not exceeding Rs. 17 crores thereby making LEPPL a 100% subsidiary of the Company. Pursuant to the foregoing, ELEL Hotels & Investments Limited, the licensee of the erstwhile hotel Sea Rock site, will become a subsidiary of the Company.
View all announcements for INDIAN HOTELS CO.LTD.	Source: BSE India

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