Mahindra Holidays & Resorts India is currently trading at Rs. 332.80, up by 3.55 points or 1.08% from its previous closing of Rs. 329.25 on the BSE.
The scrip opened at Rs. 330.00 and has touched a high and low of Rs. 335.00 and Rs. 330.00 respectively. So far 6,419 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 335.00 on 08-Jul-2014 and a 52 week low of Rs. 206.00 on 10-Sep-2013.
Last one week high and low of the scrip stood at Rs. 335.00 and Rs. 313.00 respectively. The current market cap of the company is Rs. 2,956.00 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 13.71% and 11.29% respectively.
Mahindra Holidays & Resorts India (MHRIL) has signed definitive agreements with the shareholders of Holiday Club Resorts Oy, Finland to initially acquire18.8% of its shares with a right to increase its ownership over a period of two years. This initial acquisition will be completed in a month’s time subject to required regulatory approvals.
The proposed acquisition will enable the company to make significant inroads into the European markets and to leverage Holiday Club’s expertise in the vacation ownership model, as well as its strong technology platform and talent pool. Once full ownership is achieved, the combined entity has the potential to become the largest vacation ownership company in the world, outside the United States.
Holiday Club Resorts Oy (Holiday Club) is a leading vacation ownership company in Europe with thirty-two resorts, twenty four of which are located in Finland, two in Sweden and six in Spain (1 in Costa del Sol and 5 in Gran Canaria). Seven of these resorts have spa hotels with indoor water parks, three have golf course and there are five indoor theme parks for children called ‘Angry Birds Activity Parks’.
| Company Name | CMP |
|---|---|
| Indian Hotel | 860.80 |
| EIH | 410.00 |
| Chalet Hotels | 989.75 |
| Mahindra Holi.&Resor | 356.75 |
| Lemon Tree Hotels | 149.50 |
| View more.. | |
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