Following board approval, Oriental Hotels has entered into an agreement with Dodla International (DIL) to terminate an MoU it had entered into earlier. The MoU pertains to the licensing arrangement of the hotel unit at Trivandrum. The termination will be effective from April 1, 2019. Consequent to this, the hotel operating agreement between the company and Indian Hotels Company also will end from April 1, 2019. Shares of Oriental Hotels gained 2.37 per cent at ₹41.05 on the BSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.