BOM:533088

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Mahindra & Mahindra to Create Holidays, Lifespaces Sector; Mahindra Lifespaces CEO to Lead

Mahindra & Mahindra (NSE:M&M, BOM:500520) will create a dedicated holidays and lifespaces sector to drive growth across its real estate and hospitality businesses.Managing director and chief executive officer of subsidiary, Mahindra Lifespace Developers (NSE:MAHLIFE, BOM:532313), Amit Kumar Sinha, will be appointed CEO of the sector, according to a Monday filing on Indian bourses. He will take up the role after a successor is appointed at Mahindra Lifespaces.The group's hospitality business, Mahindra Holidays & Resorts India (NSE:MHRIL, BOM:533088), has more than 300,000 vacation ownership members and has added over 1,700 rooms during the same period.

BOM:500520BOM:532313BOM:533088NSE:M&MNSE:MAHLIFENSE:MHRIL

Asia97d ago

Mahindra Holidays & Resorts India Names CFO

Mahindra Holidays & Resorts India (NSE:MHRIL, BOM:533088) has appointed Rajiv Vimal as the chief financial officer and key managerial personnel of the company with effect from July 1, according to a Tuesday filing to the Indian stock exchanges.He takes over from Vimal Agarwal, who will resign as chief financial officer and key managerial personnel of the company, with effect from June 30, to transition to a new role within the Mahindra Group.The company's shares were down nearly 1% in recent trade.

BOM:533088NSE:MHRIL

Asia104d ago

Mahindra Holidays & Resorts India Posts Sharp Decline in Fiscal Q4 Consolidated Net Profit

Mahindra Holidays & Resorts India (NSE:MHRIL, BOM:533088) posted a sharp decline in its consolidated attributable net profit to 415.6 million Indian rupees in fiscal fourth quarter, from 730.8 million rupees a year ago.Earnings per share during the quarter ended March 31 dropped to 2.06 rupees from 3.62 rupees, according to a Monday filing to the Indian stock exchanges by the hospitality firm.Revenue from operations in fiscal Q4, however, rose to 8.20 billion rupees from 7.79 billion rupees a year earlier.

BOM:533088NSE:MHRIL

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