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Mac Charles (India) Ltd.

BSE: 507836 Sector: Infrastructure
NSE: N.A. ISIN Code: INE435D01014
BSE 00:00 | 19 May 630.65 -39.30
(-5.87%)
OPEN

660.00

 HIGH

660.00

 LOW

630.65
NSE 05:30 | 01 Jan Mac Charles (India) Ltd
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OPEN 660.00
PREVIOUS CLOSE 669.95
VOLUME 16
52-Week high 914.00
52-Week low 331.20
P/E 8.72
Mkt Cap.(Rs cr) 826
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 660.00
CLOSE 669.95
VOLUME 16
52-Week high 914.00
52-Week low 331.20
P/E 8.72
Mkt Cap.(Rs cr) 826
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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