Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. Bombay Stock Exchange
  5. Royal Orchid Hotels Limited
  6. News
  7. Summary
    532699   INE283H01019

ROYAL ORCHID HOTELS LIMITED

(532699)
  Report
SummaryChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Royal Orchid Hotels Limited (BSE : 532699) have entered into a Memorandum of Understanding to acquire remaining 50% stake in Cosmos Premises Pvt Ltd from Vascon Engineers Limited (NSEI : VASCONEQ) and Conamore Resorts Private Limited for approximately INR 530 million.

08/21/2021 EST

Royal Orchid Hotels Limited (BSE : 532699) have entered into a Memorandum of Understanding to acquire remaining 50% stake in Cosmos Premises Pvt Ltd from Vascon Engineers Limited (NSEI : VASCONEQ) and Conamore Resorts Private Limited for approximately INR 530 million on August 21, 2021. Vascon Engineers Limited will sell 43.34% stake and Shri R. Vasudevan HUF (Promoter of VEL) and Conamore Resorts Private Limited will sell 6.66% stake in Cosmos Premises Pvt Ltd. Cosmos Premises reported a turnover of INR 90.1 million for the year 2020-21. The transaction has been approved by the board of Royal Orchid and Vascon Engineers. The transaction is subject to due diligence review and Royal Orchid's shareholder approval. As of September 29, 2021, the transaction has been approved by Royal Orchid's shareholder with requisite majority. The transaction is expected to close in 60 Days from the date of signing of Memorandum of Understanding. As of October 21, 2021, the transaction completion date has been extended to November 15, 2021.


ę S&P Capital IQ 2021
All news about ROYAL ORCHID HOTELS LIMITED
11/11Royal Orchid Hotels Limited Reports Earnings Results for the Second Quarter and Six Mon..
CI
10/21ROYAL ORCHID HOTELS : Extends Timeline to Acquire Remaining Stake in Real Estate Subsidiar..
MT
09/25Royal Orchid Hotels Limited Announces Change in Directorate
CI
09/15ROYAL ORCHID HOTELS : Opens Four New Hotels and Leisurely Property in India
MT
09/15Royal Orchid Hotels Limited Opens New Hotels
CI
08/23ROYAL ORCHID HOTELS : to Acquire Remaining Stake in Real Estate Subsidiary for $7 Million
MT
08/21ROYAL ORCHID HOTELS LIMITED (BSE : 532699) have entered into a Memorandum of Understanding..
CI
08/14Royal Orchid Hotels Limited Reports Earnings Results for the First Quarter Ended June 3..
CI
08/11Royal Orchid Hotels Limited Announces Cessation of Vivek Mansingh as Independent Direct..
CI
06/17Royal Orchid Hotels Limited Reports Earnings Results for the Fourth Quarter Ended March..
CI
More news
Financials
Sales 2021 809 M 10,8 M 10,8 M
Net income 2021 -325 M -4,33 M -4,33 M
Net Debt 2021 1 190 M 15,9 M 15,9 M
P/E ratio 2021 -5,31x
Yield 2021 -
Capitalization 2 396 M 31,9 M 31,9 M
EV / Sales 2020 1,10x
EV / Sales 2021 3,60x
Nbr of Employees 839
Free-Float 30,7%
Chart ROYAL ORCHID HOTELS LIMITED
Duration : Period :
Royal Orchid Hotels Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Chander Kamal Baljee Chairman & Managing Director
Amit Jaiswal Chief Financial Officer
Vijay Choudhary Assistant Vice President-Information Technology
Prashant Mehrotra Chief Operating Officer
Ranabir Sanyal Secretary & Compliance Officer
Sector and Competitors