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Wednesday, Jun 22, 2005

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Corporate - Restructuring


Viceroy may hive off US arm

Our Bureau

HYDERABAD: Viceroy Hotels Ltd may hive off its US-based wholly owned subsidiary. The company's board is scheduled to meet on June 30 to consider, among other things, divestment of entire equity in the US subsidiary, Mayuri India Cuisine Inc.

In a communiqué to the stock exchanges, the company said that its board would also consider and approve audited financial results for the fourth quarter of the fiscal ended March 2005.

The board would also take on record the audited financial results along with the auditors report for the year ended March 2005.

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