Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 July, 2018 01:02 IST
Millitoons Ent's arm acquires 100% stake in Kirksville Hospitality
Source: IRIS | 12 Sep, 2017, 10.44AM
Comments  |  Post Comment

Millitoons Entertainment's wholly owned subsidiary in USA 'Mient Hospitality, LLC' has acquired 100% stake in Kirksville Hospitality, Inc which runs a hotel under the franchise of well established brand Holiday Inn,. The total cost of acquisition is USD 4.83 million. Kirksville Hospitality, Inc has recorded a gross revenue of USD 1.96 million in the last fiscal year.

Further, it may be recalled that the company vide board meeting dated August 16. 2016 has intimated to the Stock Exchanges that the board has decided to consider various options for organic and inorganic growth as well as diversification plans to enhance stakeholder value by means of acquisitions .joint ventures etc., The company has vide corporate announcement dated October 19, 2016 had further announced its intention to enter the Hospitality Industry and the entering of a MoU to acquire concerns in this segment in the U.S.A.

Shares of the company gained Rs 2.15, or 4.65%, to trade at Rs 48.15. The total volume of shares traded was 4,812 at the BSE (10.30 a.m., Tuesday).

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Indian TSPs to build efficient infrastructure service for swift growth: Assocham-KPMG Study - 17-Jul-2018 17:27
Zee Entertainment Enterprises quarterly earnings up 31% - 17-Jul-2018 15:53
NBCC receives Rs 4 bn order from Govt of India - 17-Jul-2018 12:21
Zydus Cadila gets approval for Clindamycin Phosphate topical solution - 17-Jul-2018 11:08
Fitch affirms Indian Oil Corporation at 'BBB-'; outlook stable - 17-Jul-2018 10:31
Temporary trading halt on MCX on July 16, 2018 - 17-Jul-2018 10:25
SSWL gets 18,000 wheels order from European after market - 17-Jul-2018 10:20
Larsen & Tubro arm secures onshore EPC contract from HPCL-Mittal Energy - 17-Jul-2018 10:08
Adani Logistics to form JV with NYK Auto Logistics - 17-Jul-2018 09:55
Glenmark Pharma gets USFDA's nod for Colesevelam HCl - 17-Jul-2018 09:46
Emkay appoints Parag Morey as sales head for wealth management biz - 16-Jul-2018 18:47
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer