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Oriental Hotels Ltd. - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

| Updated on November 30, 2018 Published on November 30, 2018

Further to our letter dated October 22, 2018, we wish to inform you that, based on the approval of the Board, the Company has entered into an agreement with the licensor viz., Dodla International Ltd (DIL) on November 29, 2018 in respect of termination of the MoU between the Company and DIL. The MoU pertains to the licensing arrangement of the Hotel unit at Trivandrum. The termination will be effective from April 01, 2019. Consequent to this the Hotel Operating Agreement between the Company and the Indian Hotels Company Ltd (IHCL) also will end effective from April 01, 2019.

Pdf Link: Oriental Hotels Ltd. - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

Source : BSE - www.bseindia.com

Published on November 30, 2018
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