September 01, 2017

Bharat Hotels Plans IPO -To Relist-Moneycontrol Link

Bharat Hotels, which had delisted in 2003, plans to return to the stock exchanges with Rs 1,000-crore initial public offering (IPO), sources familiar with the development told Moneycontrol.

source / for more

http://www.moneycontrol.com/news/business/markets-business/bharat-hotels-plans-hospitality-with-bourses-via-rs-1000-cr-ip

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Delisting offer ( around 2003 ) @ Rs.28 per share ( PLEASE RECHECK THIS )

http://www.financialexpress.com/archive/bharat-hotels-begins-delisting-procedure/79112/

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Annual report 2016-17

http://thelalithotels.in/pdf/Annual%20Report%202016-17-Bharat%20Hotels%20Ltd.pdf

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old Annual Report 2015-16


http://www.thelalit.in/pdf/Annual-Report-2015-16.pdf

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BHARAT HOTELS


The Lalit Suri Hospitality Group, an enterprise of Bharat Hotels Limited is India’s largest and the fastest growing privately owned Hotel Company.
Headquartered in New Delhi, the company opened its first hotel here in 1988 under the dynamic leadership of Founder Chairman Mr. Lalit Suri, who spearheaded the Group’s unprecedented expansion plans.
Rapid expansion and consolidation of its leadership position continues under the enterprising stewardship of Dr. Jyotsna Suri, who took over as Chairperson & Managing Director in 2006.
All hotels within the group operated under the brand The Grand – Hotels, Palaces & Resorts. It was re-branded as ‘The LaLiT’ on November 19, 2008 as a tribute to the company’s Founder Chairman Mr. Lalit Suri.
The company offers thirteen luxury hotels, with 3600 rooms in twelve hotels in India and one in London. The list includes The LaLiT New Delhi, The LaLiT Mumbai, The LaLiT Chandigarh, The LaLiT Grand Palace Srinagar, The LaLiT Golf & Spa Resort Goa, The LaLiT Ashok Bangalore, The LaLiT Laxmi Vilas Palace Udaipur, The LaLiT Temple View Khajuraho, The LaLiT Resort & Spa Bekal (Kerala), The LaLiT Jaipur, The LaLiT Great Eastern Kolkata, The LaLiT Mangar & The LaLiT London.
The Group has also forayed into mid-segment hotels under the brand – ‘The Lalit Traveller’. The first two hotels under this brand opened in Jaipur & Khajuraho and more hotels planned in the next five years.

source


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It appears some shares of Bharat Hotels Limited are available for Sale / Purchase with Dealers of Rare Indian Shares.(  
Please Recheck This )


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Caution : Please Recheck All Information Before Taking Any Investment Decision. 

2 comments:

Anonymous said...

Hello Mr. Aggarwal, i am holding shares of Bharat Hotels for past many years. Do you have any idea about its current book value, intrinsic value etc. Your valuable views would be appreciated.You are doing great selfless service to us investors,God bless you. Thank you.

Ashwani Kumar Aggarwal said...

Many thanks for your words of encouragement.

We are giving link to the Annual Report 2015 16. Bharat Hotels has many hidden assets like subsidiaries,

Hotel companies book value is fraction of present market worth ( replacement value ).

Regarding current market value of shares - very difficult to say.

As a general thumb rule Dealers quotation of Purchase is One Third of the perceived value had it been listed.

So , if Dealers quote Rs. 150 as Buying rate then thy perceive the Stock ExchangeListing price to be Rs.450.

We strongly recommend that yo wait for Relisting to get the best price.

Regards

Ashwani