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Asian Hotels (East) Ltd.

BSE: 533227 Sector: Services
NSE: AHLEAST ISIN Code: INE926K01017
BSE LIVE 09:51 | 22 Nov 275.00 7.50
(2.80%)
OPEN

275.00

HIGH

275.00

LOW

275.00

NSE 09:42 | 22 Nov 277.00 5.05
(1.86%)
OPEN

277.95

HIGH

277.95

LOW

277.00

OPEN 275.00
PREVIOUS CLOSE 267.50
VOLUME 10
52-Week high 299.95
52-Week low 181.15
P/E 21.95
Mkt Cap.(Rs cr) 317
Buy Price 272.00
Buy Qty 2.00
Sell Price 275.00
Sell Qty 40.00
OPEN 275.00
CLOSE 267.50
VOLUME 10
52-Week high 299.95
52-Week low 181.15
P/E 21.95
Mkt Cap.(Rs cr) 317
Buy Price 272.00
Buy Qty 2.00
Sell Price 275.00
Sell Qty 40.00

Asian Hotels (East) Ltd. (AHLEAST) - Company History

Asian Hotels (East) Ltd is an owner and manager of Hyatt Regency, Kolkata, a luxury 5 star hotel located at Kolkata in India. The company operates Hyatt Regency, Kolkata which has a total of 233 rooms. Also, they are in the business of laundry, business centre and fitness centre facilities. The company has two subsidiaries namely, GJS Hotels Ltd and Regency Convention Centre and Hotels Ltd. The company classifies their business divisions by the quality of the property, the range of services, and the guests they target. They derive the majority of their revenue from the Hyatt Regency Kolkata. The company is focused on the high end (five-star deluxe) hotel market. Asian Hotels (East) Ltd was originally incorporated on January 8, 2007 as a private limited company with the name Vardhman Hotels Pvt Ltd. In July 12, 2007, the company became a wholly owned subsidiary of erstwhile Asian Hotels Ltd. In July 28, 2007, the company was converted into public limited company and the name was changed to Vardhman Hotels Ltd. The company entered into a scheme of arrangement and de-merger with Asian Hotels Ltd (now known as Asian Hotels (North) Ltd) and Chillwinds Hotels Ltd (now known as Asian Hotels (West) Ltd) which became effective on February 11, 2010. Pursuant to the scheme of arrangement and de-merger, the Kolkata Undertaking of Asian Hotels Ltd comprising of Hotel Hyatt Regency, Kolkata along with shares held in GJS Hotels Ltd, Regency Convention Centre and Hotels Ltd and others were de-merged and vested in the company. Subsequent to the effectiveness of the scheme, the name of the company was changed from Vardhman Hotels Ltd to Asian Hotels (East) Ltd with effect from February 16, 2010. The company entered into agreements with Hyatt Group, one of the leading Hotel Groups in the world for operation of Hyatt Regency, Kolkata. The shares of the company were listed on the Bombay Stock Exchange Ltd and National Stock Exchange Ltd with effect from August 11, 2010.