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Mergers & Acquisitions | 27 March 2012

SEL Manufacturing Acquires Omega Hotels

by Charmi Gutka
SEL Manufacturing Acquires Omega Hotels
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@Charmi
SEL Manufacturing Company Limited has acquired 99.88% stake in Omega Hotels Ltd and 51.09% stake in SEL Aviation.

Pursuant to this acquisition, both Omega Hotels and SEL Aviation has become the subsidiary company of SEL Manufacturing Company.

Omega Hotels Ltd. is implementing a Hotel Project at Agra in the State of Uttar Pradesh and SEL Aviation Pvt. Ltd. is in the business of Aviation Services and holds a Non-Scheduled Operator's Permit under the Director General of Civil Aviation.

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