Chalet Hotels Ltd Share Price Chalet Hotels

343.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

339.45

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
Detailed Quote
Director JOSEPHCONRAD AGNELO DSOUZA
Director CHANDRU LACHMANDAS RAHEJA
Director RAVI CHANDRU RAHEJA
Director NEEL CHANDRU RAHEJA
Director HETAL MADHUKANT GANDHI
Wholetime Director RAJEEV NEWAR
Director RAJEEV CHOPRA
Director ARTHUR WILLIAM DE HAAST
Company Secretary CHRISTABELLE BERNADETTE COELHO

Chalet Hotels Limited was incorporated as a private limited company with the name Kenwood Hotels Private Limited on January 6, 1986. On July 19, 1997, the Company was converted into a public company and consequently the name was changed to Kenwood Hotels Limited. Pursuant to a resolution of the shareholders dated March 2, 1998 and a fresh certificate of incorporation issued by the RoC on April 6, 1998, the name of the Company was changed to K. Raheja Resorts & Hotels Limited. Further, pursuant to a resolution of the shareholders dated April 24, 1999 and a fresh certificate of incorporation issued by the RoC on May 4, 1999, the name of the Company was changed to Chalet Hotels Limited. On the conversion of the Company to a private limited company pursuant to a resolution passed by the shareholders dated August 25, 2011 and a fresh certificate of incorporation issued by the RoC on October 15, 2011, the name was changed to Chalet Hotels Private Limited. Subsequently, pursuant to a resolution passed by the shareholders on June 4, 2018 and a fresh certificate of incorporation issued by the RoC on June 6, 2018 the Company was converted to a public limited company and the name was changed to Chalet Hotels Limited.The Company is an owner, developer and asset manager of high-end hotels in key metro cities in India. The Companys hotel platform comprises five operating hotels, including a hotel with a co-located serviced residence, located in the Mumbai Metropolitan Region, Hyderabad and Bengaluru, representing 2,328 keys, as of September 30, 2018. Its hotels are branded with globally recognized hospitality brands and are in the luxury-upper upscale and upscale hotel segments, according to the Horwath Report. Its hotel platform emphasizes strategic locations, efficient design and development, appropriate positioning in hotel segments together with branding and operational tie-ups with leading hospitality companies. In addition, the company has developed commercial and retail spaces, in close proximity to certain of their hotels.The Company seeks to brand its hotels with leading global hospitality brands. This allows them to save on the time and cost required to build, develop and maintain its own hotel brand. The Companys hotels are currently branded with global brands such as JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance and Four Points by Sheraton which are held by Marriott Hotels India Private Limited and its affiliates (collectively Marriott). The Company also determines, by detailed financial and operational analysis, whether hotel operations should be undertaken directly by the company or by engaging third party hotel operators. Currently, its hotel at Vashi, Navi Mumbai, is operated by them under a license agreement with Marriott, and four of their hotels, including its serviced residence, are operated pursuant to hotel operation and related agreements with Marriott. The Company follows an active asset management model for their hotels operated by third parties, pursuant to which the company closely monitors, and exercise regular oversight over, the performance of their hotel properties. The Company is part of K. Raheja Corp group which is a leading business group in India. The companies forming part of the K. Raheja Corp group (K. Raheja Companies) have extensive experience in developing large scale real estate, hospitality and commercial projects resulting in a strong understanding of industry and market trends. The Promoters include Mr. Ravi C. Raheja and Mr. Neel C. Raheja, who have been instrumental in the growth of business and actively advise the company on finance, corporate strategy and planning as well as its hotel and retail businesses. The Company has a strong management team with significant industry experience.Chalet Hotels Limited came out with an Initial Public Offering (IPO) of 58,613,571 equity shares of Face Value of Rs 10 each of the company for cash at a price of Rs 280 per equity share (including a share premium of Rs 270 per equity share) aggregating to Rs1614.18 Crores. The offer comprises of a fresh issue of 33,928,571 equity shares aggregating Rs 950 crores by the company (fresh issue) and an offer for sale of 24,685,000 equity shares aggregating to Rs 691.18, comprising an offer for sale of 5,550,000 equity shares aggregating to Rs 155.40 crores by Ravi C Raheja, 5,550,000 equity shares aggregating to Rs 155.40 by Neil C Raheja, 10,784,176 equity shares aggregating to Rs 301.96 crores by K Raheja Corp Pvt. Ltd., 800,000 equity shares aggregating to Rs 22.40 crores by Palm Shelter Estate Development LLP., and 2,000,824 equity shares aggregating to Rs 56.02 crores by Ivory Properties and Hotels Pvt., Ltd, (the selling shareholders). The IPO was priced at Rs 280 per equity share.

REGISTERED OFFICE

Raheja Tower P No C-30 Block G,
Bandra Kurla Complex Bandra(E),Mumbai,
Maharashtra-400051

Tell. : +91-22-26564000
Website : http://www.chalethotels.com
Email : investorrelations@chalethotels.com

REGISTRAR OFFICE

Karvy Selenium Tow-B,
Nanakramguda,Hyderabad-500032
INDIA

Tell. : +91-40-67161500
Website : www.karvyfintech.com
Email : einward.ris@karvy.com