Royal Orchid Hotels Ltd Completes Sale of Subsidiary Multi Hotels Limited to Greenleaf Properties
Royal Orchid Hotels Ltd (ROHL) has successfully completed the sale of its wholly owned subsidiary, Multi Hotels Limited, confirming the transaction initiated via a Share Purchase Agreement dated January 29, 2026. The Company confirmed that the final installment of the sale consideration was received on June 2, 2026, officially concluding the disposal.With the receipt of the final funds, Multi Hotels Limited ceased to be a subsidiary of Royal Orchid Hotels Ltd effective June 2, 2026.
The sale involves transferring Multi Hotels Limited to M/s Greenleaf Properties Limited, a company registered in Tanzania. ROHL previously held a 96.37% shareholding in Multi Hotels Limited.
The total consideration received for the sale of the subsidiary amounts to USD 3,412,500.
The transaction details confirm that the buyer, M/s Greenleaf Properties Limited, is a company registered in Tanzania, with no association with the promoter or promoter group of Royal Orchid Hotels Ltd. The sale of the undertaking was conducted on an Arm's Length Basis.
In other material developments related to the transaction, Mr. Chander K Baljee, Chairman and Managing Director of ROHL, held 3.33% equity shares in Multi Hotels Limited. It was reported that Mr. Baljee transferred his shareholding in the subsidiary to Mr. Abdulhamid Haroon Pirmohamed. Furthermore, the article noted that Mrs. Sunita Baljee, Director, and Mr. Keshav Baljee, Director, are considered interested parties in the deal.
For a summary of the key transaction parameters, the following details were reported:
| Detail | Description |
|---|---|
| Subsidiary Sold | Multi Hotels Limited |
| Agreement Date | January 29, 2026 |
| Buyer | M/s Greenleaf Properties Limited (Tanzania) |
| Total Consideration | USD 3,412,500 |
| Completion Date | June 2, 2026 |
| Status Change | Multi Hotels Limited ceases to be a subsidiary of ROHL |
| Nature of Transaction | Sale (Hospitality Industry) |
ROHLTD Stock Price Movement
As of 12:39 PM, shares of Royal Orchid Hotels Limited are slipping by 1.17% in live trading, currently at ₹332.95. The stock is trading amidst significant interest, with total volume registering 16,840 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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