Royal Orchid Hotels Ltd - 532699 - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
With reference to the Regulation 30 read with Schedule Ill Part A Para A (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Regulations") and in continuation to our earlier disclosure to Stock Exchange dated August 21, 2021 regarding execution of Memorandum of Understanding by Royal Orchid Hotels Limited along with its subsidiary Company Royal Orchid Goa Private Limited with Vascon Engineers Limited, Shri R. Vasudevan HUF and Conamore Resorts Private Limited to acquire the remaining 50% stake in Cosmos Premises Pvt Ltd by ROHL in lieu of 100% stake in Rivershore Developers Pvt Ltd and settling of liabilities in the books of RS DP and intimation dated October 21, 2021 on the extension of the aforesaid MOU, we have great pleasure in informing all the stakeholders that , pursuant to the aforesaid MOU the respective share purchase agreements have been executed by ROHL with the aforesaid parties on November 01 , 2021 for executing the aforesaid transaction.01-11-2021