• EIH completes buy of JV

EIH International, the wholly owned subsidiary of East India Hotels, has completed the acquisition of a 49% equity stake in Amex Investment, part of EIH’s international joint venture company EIH Holdings, for $45m.

Subsequently, EIH Holdings becomes a wholly owned subsidiary of EIH International. The acquisition includes equity investments in Oberoi Hotels in Mauritius, Bali and Lombok, Indonesia and Sal Hasheesh Egypt and hotel management contracts in hotels under construction in Dubai, Marrakech Morocco, Greece and a second hotel in Mauritius.

See the full statement here:

http://www.nseindia.com/marketinfo/companyinfo/eod/announcements.jsp?symbol=EIHOTEL  

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