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Mahindra Holidays & Resorts India provides update on step down subsidiary

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Holiday Club Resorts Oy, Finland divests stake in three subsidiaries

Mahindra Holidays & Resorts India announced that Holiday Club Resorts Oy, Finland, step-down subsidiary of the Company, has disinvested its entire stake in three subsidiaries namely, Kiinteisto Oy Jalomella, Kiinteisto Oy Outapalas and Kiinteisto Oy Ulkuvuoma, Finland w.e.f. 31 March 2016 and consequently, all the three companies ceased to be subsidiaries of Holiday Club Resorts Oy, Finland and in turn of the Company.

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First Published: Apr 02 2016 | 12:48 PM IST

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