Blue Coast Hotels To Dis-invest Entire Stake In Silver Resort
2019-04-01 Disinvestment Hospitality Northern India
Blue Coast Hotels Limited has informed that the board of directors of the company at its meeting approved disinvestment and sold 27,35,10,000 Equity Shares representing 100% of the share capital of Silver Resort Hotel India Private Limited. (SRHIPL), a wholly owned subsidiary (material subsidiary) of the company to Joy Hotel & Resorts Private Limited (JOY), (A company incorporated under the laws of Republic of India and having its registered office at 33-34, Chandigarh Industrial & Business Park, II, Tribune Chowk, Chandigarh). Pursuant to the aforesaid transaction, the Company shareholding in SRHIPL has become Nil.