Royal Orchid Hotels sells subsidiary Multi Hotels to Tanzania-based buyer
ROHLTD · price
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Royal Orchid Hotels has sold its 96.37 percent stake in subsidiary Multi Hotels Limited to Tanzania-based Greenleaf Properties Limited for USD 3,412,500. The agreement was executed on January 29, 2026, and Multi Hotels, which had not started operations, ceased to be a subsidiary. The consideration will be received in instalments within 120 days. CMD Chander K Baljee also sold his 3.33 percent stake. Transaction is a related party deal but done at arms length.
Minor divestiture of a non-operational subsidiary. About USD 3.4 million inflow expected within 120 days. Limited near-term impact on earnings.