Delhi-based Asian Hotels (AHL) has got its shareholders’ approval to demerge the company into three independent entities. The three undertakings will own one property each in Delhi, Mumbai and Kolkata.
The Mumbai undertaking, along with investments and development options in Bengaluru, would be transferred to its subsidiary Chillwinds Hotels; the Kolkata undertaking, along with investments and development options in Bhubaneswar and Regency Convention Centre and Hotels Limited, would be transferred to its subsidiary Vardhman Hotels and the Delhi undertaking would form the residual Asian Hotels. Source