Chalet Hotels announced that the company has completed the acquisition of 82.28% stake in The Dukes Retreat (Dukes) for a cash consideration of Rs 81.75 crore. The company also acquired 100% stake in Sonmil Industries (Sonmil) for a cash consideration of Rs 74.64 crore.
Consequent to above, Sonmil has become a wholly owned subsidiary of the Company and Dukes has become a subsidiary of the Company.
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