Royal Orchid Hotels to manage budget hotels through subsidiary

Royal Orchid Hotels Ltd has announced about the following:

1. The Company is planning to target the lower end of the hospitality pyramid with a chain of budget hotels called Pepper Mint.

2. The A B Holdings Pvt Ltd, the fully owned subsidiary of the Company will manage the budget hotel business of the hospitality chain.

The stock was trading at Rs.201.8, down by Re.0.30 (-0.15%) compared to its previous close of Rs.202.10.

Source : Equity Bulls

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