Mahindra Holidays' Finland arm divests stake in 3 subsidiaries

Mahindra Holidays & Resorts India Limited today informed the exchanges that Holiday Club Resorts Oy, Finland, step-down subsidiary of the Company, has disinvested its entire stake in three subsidiaries.

They include Kiinteisto Oy Jalomella, Kiinteisto Oy Outapalas and Kiinteisto Oy Ulkuvuoma, Finland and consequently, all the three companies ceased to be subsidiaries of Holiday Club Resorts Oy, Finland and in turn of the Company.

Consideration received from the sale was euro 400,000 each. Buyers belongs to an international Skanska group and is a construction company.