Mahindra Holidays' Finnish Subsidiary Acquires Salla Star Property for ₹2.35 Crore 5 days ago
Holiday Club Resorts Oy (HCR), a Finnish subsidiary of Mahindra Holidays & Resorts India Ltd (MHRIL), has acquired Keskinäinen Kiinteistö Oy Salla Star (KKOSS) for ₹2.35 crore. This 100% stake acquisition, completed on July 3, 2025, transitions HCR from leasing the Salla Star property since 2012 to full ownership. The strategic move aims to strengthen MHRIL's presence in the Nordic hospitality market and enhance its international asset base.
Mahindra Holidays' Finnish Subsidiary Acquires Salla Star Property for ₹2.35 Crore 6 days ago
Mahindra Holidays Sets Ambitious Target: 850 New Rooms in FY26, Eyes 10,000 Rooms by 2030 May 04, 2025
Club Mahindra Expands Resort Portfolio with New Properties in India and Abroad Apr 30, 2025
Mahindra Holidays & Resorts India Ltd Reports Strong FY25 Performance with 25% Standalone PAT Growth Apr 25, 2025
Mahindra Holidays & Resorts India Ltd (MHRIL) has received a GST demand order of ₹17.59 crore for FY 2020-21 from the Commercial Tax Officer in Chennai. The demand includes ₹10.35 crore in principal, ₹6.13 crore in interest, and ₹1.11 crore in penalties. Reasons cited include turnover reporting mismatches and input tax credit issues. MHRIL plans to appeal the order and does not expect it to have a material financial impact based on legal counsel advice.