Mercury Travels Ltd has taken over the
travel business of Mahindra Holidays & Resorts India Ltd (MHRIL).
In a letter to the Bombay Stock Exchange (BSE), MHRIL said it will stop providing travel-related services as its travel business has been taken over by Mercury Travels.
“Travel Services will now be availed
from Mercury Travels Ltd. As part of the transition, certain corporate clients
of the erstwhile travel-related business (TRS) have also agreed to avail the
services of Mercury for their travel requirements,”
Earlier, Club Mahindra, MHRIL’s flagship
brand had informed its customers that Club Mahindra travel business has been
taken over by Mercury Travels Ltd.
“Mercury Travels team will start
accepting all your travel-related queries with immediate effect at the above
number,” Club Mahindra had said.
MHRIL had further said, “As part of the
overall strategy, the company has decided not to provide travel-related
services to its vacation ownership members, employees and other corporate
clients.” MHRIL, which operates 40 resorts across India and abroad, has
1,75,000 vacation ownership members.
Shares of the company were trading at Rs 284.00 per scrip on the BSE, down 1.47 per cent from its previous close.
Shares of the company were trading at Rs 284.00 per scrip on the BSE, down 1.47 per cent from its previous close.
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