The Indian Hotels Company Ltd arm forms subsidiary Nekta Food Solutions Ltd

The Indian Hotels Company Ltd has announced that a new company by the name 'Nekta Food Solutions Limited' has been incorporated in India on November 16, 2023, as a step-down subsidiary of the Company (being a wholly-owned subsidiary of 'Taj SATS Air Catering Limited', the Company's subsidiary).

The new company will be providing institutional catering, event catering and all other types of catering and related services to quick service restaurants, cloud kitchens, cafeterias, canteens, individuals, businesses, institutions, for various events, etc. and to offer a comprehensive range of gifting solutions.

Shares of The Indian Hotels Company Limited was last trading in BSE at Rs. 411.20 as compared to the previous close of Rs. 412.15. The total number of shares traded during the day was 41933 in over 930 trades.

The stock hit an intraday high of Rs. 415.45 and intraday low of 409.75. The net turnover during the day was Rs. 17295089.00.

Source : Equity Bulls

Keywords

TheIndianHotelsCompany INE053A01029 TajSATSAirCatering Subsidiary NektaFoodSolutions