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Provider: Thomson Reuters Stock Report

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Viceroy Hotels Ltd. Proposes Sale Of Chennai Project Division

Wednesday, 8 May 2013 08:02am EDT 

Viceroy Hotels Ltd. announced that the Board of Directors of the Company at its meeting held on May 08, 2013, has approved the proposal to sell the entire 'Chennai Project Division' comprising of 'Chennai Hotel Project’ and 'Chennai Residential Project' to M/s. Ceebros Hotels Private Limited, Chennai for a total consideration of INR480 crores (INR4.8 billion). 

Company Quote

-0.15 -0.81%
5:52am EDT