Royal Orchid Hotels completes sale of subsidiary Multi Hotels to Greenleaf Properties
ROHLTD · price
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On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.3 pts less than its Hotels & Resorts peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Royal Orchid Hotels has completed the sale of its 96.37 percent stake in wholly owned subsidiary Multi Hotels Limited to Greenleaf Properties Limited of Tanzania for USD 3,412,500. The share purchase agreement was signed on January 29, 2026, and the final instalment was received on June 2, 2026, completing the transaction. Multi Hotels had not commenced operations. Buyer is unrelated to promoter group. CMD, his wife and son are deemed interested parties.
One-time cash inflow of about USD 3.4 million from divesting a non-operating subsidiary. Minor positive for cash position, no material business impact.