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Sayaji Hotels
BSE: 523710NSE: SAYAJIHOTLISIN: INE318C01014

15th-Apr-2013 11:57Source: BSE

Sayaji Hotels - Updates

Sayaji Hotels Ltd has informed BSE that the Barbeque-Nation Hospitality Ltd. "BNHL" i.e. subsidiary of the Company has allotted 14,94,579 equity shares on private placement basis as well as the Company has also sold 415000 equity shares of BNHL held in its name.

Pursuant to this the overall stake of the Company in its subsidiary has been reduced from 67.59% to 54.70% however its status of "Holding Company" still remains in BNHL.

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