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About Mac Charles (India)
Mac Charles (India) established its hotel in collaboration with Holiday Inn, a division of Bass, UK. The hotel was promoted by C B Pradhanani, an NRI tycoon from Dubai. The five-star hotel made a soft opening in Nov.'86.
In the next two years, the facilities gradually became functional and the hotel additives were in full swing. Failure to achieve planned business volumes, coupled with huge interest burden, sent it into the red. After a long downturn, there was a change in the company's fortunes in 1993-94.
The company has not spent much money on hotel renovation and refurbication and it may spend Rs 2-3 cr on the entire renovation and refurbication as the Holiday Inn collaboration is nearing expiry and the Holiday Inn group will not renew it unless the hotel is totally renovated and refurbished.
In 2003-04, the Company has dis-invested in Vaswani Properties Private Ltd and in Vaswani Investments and Holdings Private Ltd.
Parent Organisation
NRI
Managing Director
None
Founded
1979
NSE Symbol
Community Discussion
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AngelOne
10th July 2024
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AngelOne
10th July 2024
Mac Charles (India) Ltd-latest-market-updates-29935
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Mac Charles (india) Ltd FAQs
What is the share price of Mac Charles (india) Ltd (Mac Charles (india) Ltd) shares?
Mac Charles (india) Ltd (Mac Charles (india) Ltd) share price as of July 18, 2024, on NSE is Rs undefined (NSE) and Rs undefined (BSE) on BSE.
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2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Mac Charles (india) Ltd (Mac Charles (india) Ltd) shares.
1. Direct investment: You can buy Mac Charles (india) Ltd (Mac Charles (india) Ltd) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Mac Charles (india) Ltd (Mac Charles (india) Ltd) shares.
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