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Mac Charles (India) Ltd.

BSE: 507836 Sector: Services
NSE: N.A. ISIN Code: INE435D01014
BSE LIVE 19:40 | 19 Oct 429.25 2.40
(0.56%)
OPEN

431.00

HIGH

431.00

LOW

429.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 431.00
PREVIOUS CLOSE 426.85
VOLUME 85
52-Week high 679.00
52-Week low 401.00
P/E 19.30
Mkt Cap.(Rs cr) 562
Buy Price 0.00
Buy Qty 0.00
Sell Price 429.00
Sell Qty 28.00
OPEN 431.00
CLOSE 426.85
VOLUME 85
52-Week high 679.00
52-Week low 401.00
P/E 19.30
Mkt Cap.(Rs cr) 562
Buy Price 0.00
Buy Qty 0.00
Sell Price 429.00
Sell Qty 28.00

Mac Charles (India) Ltd. (MACCHARLESI) - Company History

Mac Charles (India) established its hotel in collaboration with Holiday Inn, a division of Bass, UK. The hotel was promoted by C B Pradhanani, an NRI tycoon from Dubai. The five-star hotel made a soft opening in Nov.'86. In the next two years, the facilities gradually became functional and the hotel additives were in full swing. Failure to achieve planned business volumes, coupled with huge interest burden, sent it into the red. After a long downturn, there was a change in the company's fortunes in 1993-94. The company has not spent much money on hotel renovation and refurbication and it may spend Rs 2-3 cr on the entire renovation and refurbication as the Holiday Inn collaboration is nearing expiry and the Holiday Inn group will not renew it unless the hotel is totally renovated and refurbished. In 2003-04, the Company has dis-invested in Vaswani Properties Private Ltd and in Vaswani Investments and Holdings Private Ltd.