Oriental Hotels terminates MoU for licensing arrangement of Hotel unit at Trivandrum

Image
Capital Market
Last Updated : Nov 30 2018 | 3:16 PM IST
Oriental Hotels has entered into an agreement with the licensor viz., Dodla International (DIL) on 29 November 2018 in respect of termination of the MoU between the Company and DIL. The MoU pertains to the licensing arrangement of the Hotel unit at Trivandrum. The termination will be effective from 01 April 2019. Consequent to this the Hotel Operating Agreement between the Company and the Indian Hotels Company (IHCL) also will end effective from 01 April 2019.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Nov 30 2018 | 3:01 PM IST

Next Story