Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) we wish to inform you that the Board of Directors of the Company, at its meeting held today, have, inter alia considered and approved 'In Principle' to sell, transfer or otherwise dispose, in one or more tranches, entire investment i.e. 31,45,510 equity shares of Rs. 10/- each (84.01%) held by the Company in its material subsidiary viz. Vitizen Hotels Limited and authorised Dr. Vikram V. Kamat, Managing Director of the Company to negotiate and decide on the terms and conditions for the same
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