Country Club India Ltd is now Country Club Hospitality & Holidays Limited

HYDERABAD - Country Club India Limited, India’s largest leisure infrastructure conglomerate, is rebranding itself and henceforth will position itself as Country Club Hospitality & Holidays Limited.

The new identity reflects the continuous evolution and growth in the business horizons of the company.

“We operate in many verticals including holidays, clubbing, events and fitness thereby creating a one stop leisure solution. To suitably position the brand of the Company amongst the investor community and to reflect the strong product offerings to our customer base we are changing our name to Country Club Hospitality & Holidays Limited,” said Mr Siddharth Reddy, Joint Managing Director & CEO.

The name change has been approved by the shareholders of the Company in the 23rd Annual General Meeting of the Company held on September 30, 2014, he added.

Over the period, the company has ventured into various new verticals and is no more limited to clubbing activities. The firm has been able to get new customers in various new segments and has truly become a reputed brand in the timeshare sector in the country.

Apart from clubbing activities, today the company’s members are entitled to pre-owned holiday packages, star studded entertainment events, cutting edge fitness centers and recreation facilities in India as well as in some overseas properties.

In a separate filing to the BSE, Country Club India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 14, 2014, inter alia, to consider the following:

1. To consider and approve the Un-Audited Financial Results for the Quarter ended on September 30, 2014.

2. To reduce the debt of the Company either through Sale / JV of non-core assets or any other means available to the Company.

3. To update on the completion of large part regular capital expenditure and no more major cash outflow for capital expenditure for the next 2 years.

4. To focus on increasing margins.

sourced:traveldailynews.asia