Royal Orchid Hotels to Sell Stake in Multi Hotels; Shares Fall 3%

MT Newswires Live

01/29

Royal Orchid Hotels' (NSE:ROHLTD, BOM:532699) board has approved an enabling resolution to sell the company's entire stake in subsidiary Multi Hotels.

Greenleaf Properties has expressed interest as a prospective buyer, according to an Indian exchange filing on Wednesday.

Shares of Royal Orchid Hotels fell over 3% in Thursday's trade.

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