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Oriental Hotels Limited ( (IN:ORIENTHOT) ) has issued an announcement.
Oriental Hotels Limited has announced its decision to invest USD 1.764 million in its wholly-owned subsidiary, OHL International (HK) Limited, by subscribing to a rights issue. This investment will be directed towards St. James Court Hotels Ltd for debt repayment, which is expected to strengthen the financial position of the subsidiary and potentially improve the company’s overall market standing.
More about Oriental Hotels Limited
Oriental Hotels Limited operates in the hospitality industry, focusing on hotel management and related services. The company is involved in the acquisition and management of hotel properties, aiming to enhance its market presence and operational efficiency.
Average Trading Volume: 17,654
Technical Sentiment Signal: Hold
Current Market Cap: 22.27B INR
Find detailed analytics on ORIENTHOT stock on TipRanks’ Stock Analysis page.