Suave hotels said a meeting of the board of directors will be convened tomorrow to discuss the acquisition of the Byke Retreat, in Maharashtra.
By PTI |
MUMBAI: Suave hotels on Monday said a meeting of the board of directors will be convened tomorrow to discuss the acquisition of the Byke Retreat, in Maharashtra.
The Byke Retreat in Matheran is set within a seven acre wooded estate. The retreat has independent cottages, jogging paths within the estate and a health spa.
The Suave Hotels board of directors in the meeting would also discuss the options of fund raising for the stated acquisition.
The company would call an extra ordinary general meeting to obtain the consent of the shareholders, the company said in a filing to the Bombay Stock Exchange.
The shares of the company were trading at Rs 53.30, up 0.28 per cent on the BSE in the afternoon trade.
The Byke Retreat in Matheran is set within a seven acre wooded estate. The retreat has independent cottages, jogging paths within the estate and a health spa.
The Suave Hotels board of directors in the meeting would also discuss the options of fund raising for the stated acquisition.
The company would call an extra ordinary general meeting to obtain the consent of the shareholders, the company said in a filing to the Bombay Stock Exchange.
The shares of the company were trading at Rs 53.30, up 0.28 per cent on the BSE in the afternoon trade.
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