You are here » Home » Companies » Company Overview » Mac Charles (India) Ltd

Mac Charles (India) Ltd.

BSE: 507836 Sector: Services
NSE: N.A. ISIN Code: INE435D01014
BSE 00:00 | 18 Apr 302.00 -8.05
(-2.60%)
OPEN

301.00

HIGH

302.00

LOW

301.00

NSE 05:30 | 01 Jan Mac Charles (India) Ltd
OPEN 301.00
PREVIOUS CLOSE 310.05
VOLUME 61
52-Week high 419.45
52-Week low 248.00
P/E 15.46
Mkt Cap.(Rs cr) 396
Buy Price 300.80
Buy Qty 50.00
Sell Price 302.00
Sell Qty 34.00
OPEN 301.00
CLOSE 310.05
VOLUME 61
52-Week high 419.45
52-Week low 248.00
P/E 15.46
Mkt Cap.(Rs cr) 396
Buy Price 300.80
Buy Qty 50.00
Sell Price 302.00
Sell Qty 34.00

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.