Mahindra Holidays & Resorts India Ltd - IPO

Mahindra Holidays & Resorts India Ltd IPO Details

Public issue of 92,65,275 equity shares of Rs.10 each of Mahindra Holidays & Resorts India Limited (Mahindra Holidays or the company or the issuer) for cash at a price of Rs.300 per equity share (including a share premium of Rs.290 per equity share),consisting of a fresh issue of 58,96,084 equity shares and an offer for sale of 33,69,191 equity shares by Mahindra & Mahindra Limited (theselling shareholder), aggregating Rs.277.96 Crores (the issue).The issue would constitute 11% of the fully diluted post issue paid-up capital of the company.Issue price of Rs 300 is 30 times of the face value.

Objective of issue

Expn of Existing Resorts & Setting up New Projects. General Corporate Purposes.

Mahindra Holidays & Resorts India Ltd Contact Details

Mahindra Holidays & Resorts India Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

Phone - 91-040-44655185/44655000

Fax - 91-040-23420814/23420857

Email - investors@mahindraholidays.com

Website - www.clubmahindra.com