Corporate News     01-Feb-16
Mahindra Holidays & Resorts India provides update on scheme of amalgamation and arrangement
Scheme gets approval of High Court of Madras
Mahindra Holidays & Resorts India announced that the Hon'ble High Court of Madras at Chennai, at its hearing held on 29 January 2016, pursuant to its oral order, has approved the Scheme of Amalgamation and Arrangement between the Company and its wholly owned subsidiaries i.e. Competent Hotels and Divine Heritage Hotels and Holiday on Hills Resorts (the Scheme).

The certified copy of the aforesaid Order will be received in due course.

Further, the Company has informed that the Scheme will be effective on receipt of the order / approval from the Hon'ble High Court of Delhi, the Hon'ble High Court of Rajasthan (Jaipur Bench), the Hon'ble High Court of Himachal Pradesh at Shimla and other approval(s), if any, and on filing of a copy of the order of the Hon'ble High Courts with the respective Registrar of Companies.

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