16:50 IST
BSE
Capacity Expansion
Velan Hotels Capacity Expansion: ₹37.17 Cr Investment
Velan Hotels Limited is selling its Tirupur hotel property for ₹37.17 Crore to M/s.J.P.Associates Asia Pacific Private Ltd. The proceeds have been used to settle all secured debts with RARE ARC, making the company secured-debt free. The final sale deed registration is expected by June 15, 2026.
- Value
- ₹37.17 Cr
- Execution
- Before June 15, 2026