Mahindra Holidays News
"Our experience of working with the local management of Holiday Club over the last one year has given us the conviction that they are the right partner for our growth strategy in Europe and the Middle East."
The stock ended 2.39% lower at Rs 246.90 on the BSE. During the day, it lost 3.34% to Rs 244.50.
The stock was trading at Rs 246.25, down 2.65 percent, from its previous close on BSE.
Mahindra Holidays will pay an initial amount of 3 million euros in cash and the remaining 10 million euros from existing shareholders.
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