 "Mahindra Holidays & Resorts acquires Covington Sarl")
In an announcement with the Bombay Stock Exchange, the company informed that Covington S.a.r.l, Luxembourg, has become a wholly owned subsidiary of the Company consequent to acquisition of 100% stake in Covington by the Company's wholly owned subsidiary MHR Holdings (Mauritius) Limited, with effect from July 17, 2014.
It may be noted that the company has announced MHR Holdings as its wholly owned subsidiary with effect from July 11, in an announcement issued on July 16, 2014.
Recently, the company has also announced acquisition of around 18.8% share in a leading European Vacation Ownership company, Holiday Club Resorts Oy Finland.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app