|₹97.9 / ₹44.5|
What is shareholding pattern? Who are shareholders?
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What are dividends?
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Incorporated in Jul. '87, Ramada Hotels (India) now renamed Advani Hotels and Resorts, was promoted by S G Advani and H G Advani, both with considerable background in management and the hotel industry. The company is into the hotel business and related activities and has a technical and financial collaboration with Ramada, UK. The company came out with a public issue in Sep. '89 for its maiden venture -- Ramada Resort -- a five-star luxury resort comprising 140 rooms (including 6 villas) in a terraced-garden pattern at Colva beach, Goa. By virtue of the franchise agreement with Ramada, UK, the collaborators provide substantial assistance in marketing, and defining strategies for advertising and promotion. The company is also linked to Ramada's computerised reservation system worldwide. During 1995-96, a complex consisting of the flight kitchen, restuarant and bar was inaugurated next to the airport in Goa.