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Mahindra Holidays & Resorts India Limited ( (IN:MHRIL) ) has provided an update.
Mahindra Holidays & Resorts India Limited has announced its entry into the leisure hospitality sector through a new wholly owned subsidiary, Mahindra Hotels and Residences India Limited, under the brand name ‘Mahindra Signature Resorts’. This strategic move aims to diversify and scale the company’s existing vacation ownership business, targeting fast-growing categories and customers in the tourism sector. The company plans to invest approximately Rs.1000 Crore in this new venture, indicating a significant commitment to expanding its market presence and offerings.
More about Mahindra Holidays & Resorts India Limited
Mahindra Holidays & Resorts India Limited operates in the vacation ownership segment, providing leisure and hospitality services. The company focuses on offering diverse vacation experiences and is now expanding into the leisure hospitality industry to enhance its business portfolio.
Average Trading Volume: 21,758
Technical Sentiment Signal: Sell
Current Market Cap: 64.17B INR
For detailed information about MHRIL stock, go to TipRanks’ Stock Analysis page.