Moneycontrol
Jan 11, 2017 04:03 PM IST | Source: PTI

Royal Orchid Hotels acquires Amartara Hospitality

The company has acquired 24.9 percent shares in Amartara Hospitality Pvt Ltd. Upon acquisition of shares Amartara Hospitality has become 100 percent subsidiary of the company, Royal Orchid Hotels said in a filing to BSE.

 
 
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Hospitality firm Royal Orchid Hotels has acquired Amartara Hospitality by buying additional 24.9 percent stake in it.


The company has acquired 24.9 percent shares in Amartara Hospitality Pvt Ltd. Upon acquisition of shares Amartara Hospitality has become 100 percent subsidiary of the company, Royal Orchid Hotels said in a filing to BSE.


Royal Orchid Hotels held 75.10 percent shares in the target company and has acquired additional 24.90 percent stake, it added.


The shares are acquired at a consideration of Rs two crore and fifty lakh only, Royal Orchid Hotels said.

Shares of the company were today trading up 6.58 percent at Rs 81 apiece on BSE.

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