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ROYAL ORCHID HOTELS LTD. - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
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01 Nov 2021
With reference to the Regulation 30 read with Schedule Ill Part A Para A (1) of SEBI (Listing&lt;BR&gt; Obligations and Disclosure Requirements) Regulations, 2015 (&quot;Regulations&quot;) and in&lt;BR&gt; continuation to our earlier disclosure to Stock Exchange dated August 21, 2021 regarding&lt;BR&gt; execution of Memorandum of Understanding by Royal Orchid Hotels Limited &lt;BR&gt; along with its subsidiary Company Royal Orchid Goa Private Limited with&lt;BR&gt; Vascon Engineers Limited, Shri R. Vasudevan HUF and&lt;BR&gt; Conamore Resorts Private Limited to acquire the&lt;BR&gt; remaining 50% stake in Cosmos Premises Pvt Ltd by ROHL in lieu of 100% stake in&lt;BR&gt; Rivershore Developers Pvt Ltd and settling of liabilities in the books of RS DP&lt;BR&gt; and intimation dated October 21, 2021 on the extension of the aforesaid MOU, we have&lt;BR&gt; great pleasure in informing all the stakeholders that , pursuant to the aforesaid MOU the&lt;BR&gt; respective share purchase agreements have been executed by ROHL with the aforesaid&lt;BR&gt; parties on November 01 , 2021 for executing the aforesaid transaction.
View all announcements for ROYAL ORCHID HOTELS LTD. Source: BSE India

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