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Mahindra Holidays & Resorts India Limited ( (IN:MHRIL) ) has issued an update.
Mahindra Holidays & Resorts India Limited has disclosed the receipt of Show Cause Notices (SCNs) from the Assistant Commissioner in Chennai regarding a demand for INR 6,52,77,394 related to Goods and Services Tax on Corporate Guarantee for fiscal years 2020-21 to 2023-24. Despite the significant amount involved, the company does not anticipate any material financial impact from these notices and is actively pursuing legal remedies to address the situation.
More about Mahindra Holidays & Resorts India Limited
Mahindra Holidays & Resorts India Limited operates in the hospitality industry, primarily offering vacation ownership and leisure hospitality services. The company focuses on providing family holidays and vacation experiences through its Club Mahindra brand, catering to a diverse market seeking quality leisure and holiday experiences.
Average Trading Volume: 7,388
Technical Sentiment Signal: Buy
Current Market Cap: 71.98B INR
For a thorough assessment of MHRIL stock, go to TipRanks’ Stock Analysis page.