EIH to close down Trident Jaipur next fiscal year

EIH Associated Hotels on Monday said it will close Trident Jaipur for the next fiscal year to carry out renovation work. “At the board meeting held today, it was decided to close the company’s hotel Trident Jaipur from April 1, 2018 to March 31, 2019 for renovation,” EIH Associated Hotels said in a filing to the BSE. The company, however, did not provide details about what it intends to do with the staff employed in the hotel. Shares of EIH Associated Hotels today closed at ₹384 on the BSE, down 4 per cent from the previous day’s close.