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Business News/ Companies / News/  Mahindra Holidays & Resorts acquires 100% stake in Covington
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Mahindra Holidays & Resorts acquires 100% stake in Covington

Covington Sarl has now become a wholly owned subsidiary of Mahindra Holidays, with effect from 17 July

Wholly owned subsidiary of Mahindra Holidays and resorts, MHR Holdings (Mauritius), acquired 100% stake in Covington Sarl, Luxembourg, on Thursday. Premium
Wholly owned subsidiary of Mahindra Holidays and resorts, MHR Holdings (Mauritius), acquired 100% stake in Covington Sarl, Luxembourg, on Thursday.

Mumbai: Mahindra Holidays and Resorts India Ltd on Thursday said it had acquired 100% stake in Covington Sarl, Luxembourg, and the latter was now a wholly-owned subsidiary of the company.

“Mahindra Holidays and Resorts India has informed BSE that Covington Sarl, Luxembourg, (“Covington") has become a wholly owned subsidiary of the company consequent to acquisition of 100% stake in Covington by the company’s wholly owned subsidiary MHR Holdings (Mauritius) Ltd, with effect from 17 July 2014." the company said in a statement on BSE.

Shares of Mahindra Holidays and Resorts rose 0.54% to end at 309.65 apiece, while the benchmark Sensex rose 0.48% to an all-time high of 26,271.85 points.

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Published: 24 Jul 2014, 02:48 PM IST
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