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Royal Orchid Hotels Limited announces Strategic Divestment of Subsidiary Multi Hotels Limited
Royal Orchid Hotels Limited announces Strategic Divestment of Subsidiary Multi Hotels Limited
Royal Orchid Hotels Limited (ROHL) has announced the successful execution of an agreement for the sale of its subsidiary, Multi Hotels Limited, to Greenleaf Properties Limited, a Tanzania-based company
The agreement was executed on January 29, 2026, following the Company’s earlier intimation to stock exchanges.
With this transaction, Multi Hotels Limited has ceased to be a subsidiary of Royal Orchid Hotels Limited with effect from January 29, 2026. The divestment is in line with ROHL’s strategic focus on optimising its portfolio, strengthening its balance sheet, and sharpening its emphasis on core hospitality operations across key markets. Multi Hotels Limited had not commenced commercial operations, and the sale allows the Company to unlock value while reallocating resources towards higher-growth opportunities.
The total consideration (collectively) for the Sale of 100% shares of Multi Hotels Limited is USD 3,412,500, which will be received in instalments within a period of 120 days from the date of execution of the agreement.
Greenleaf Properties Limited is an independent entity, and the transaction has been carried out on an arm’s length basis, in compliance with applicable regulatory requirements. Chander K. Baljee, Chairman & Managing Director, Royal Orchid Hotels Limited, held minority shareholding in Multi Hotels Limited, which has also been transferred as part of the transaction.
Commenting on the development, Chander K. Baljee, Chairman & Managing Director, Royal Orchid Hotels Limited, said, “This strategic divestment reflects our continued commitment to disciplined capital allocation and long-term value creation. As Royal Orchid continues to expand and strengthen its core hospitality footprint, this transaction enables us to remain focused on opportunities that align closely with our growth vision.”
Royal Orchid Hotels Limited continues to pursue growth through a mix of owned, leased, managed, and franchised properties, and remains confident about its long-term prospects driven by India’s robust travel and tourism demand.
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