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Mac Charles (India) Ltd.

BSE: 507836 Sector: Services
NSE: N.A. ISIN Code: INE435D01014
BSE 00:00 | 23 Jul 517.45 24.60
(4.99%)
OPEN

514.75

HIGH

517.45

LOW

510.00

NSE 05:30 | 01 Jan Mac Charles (India) Ltd
OPEN 514.75
PREVIOUS CLOSE 492.85
VOLUME 2796
52-Week high 550.85
52-Week low 177.10
P/E
Mkt Cap.(Rs cr) 678
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 514.75
CLOSE 492.85
VOLUME 2796
52-Week high 550.85
52-Week low 177.10
P/E
Mkt Cap.(Rs cr) 678
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

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.

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