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1 Aug 2008 07:00
India Hospitality Announces Change to Board of Directors
LONDON, July 31 -- India Hospitality Corp. today announced that on July 30, 2008, Scott LaPorta resigned as a director of IHC. IHC has initiated procedures to fill the vacancy created by Mr. LaPorta's resignation and hopes to have a replacement appointed within the next few weeks.
About India Hospitality Corp.
India Hospitality Corp. (IHC) is a diversified pan Indian hospitality and leisure company. In July 2007, IHC closed on the acquisition from Navis Capital Partners and its Affiliates of India-based Mars Restaurants Private Limited, an emerging hotel and restaurant company, and SkyGourmet Catering Private Limited, an airline catering company with 1,700 employees operating out of four locations in India.
Deutsche Bank AG is IHC's nominated adviser and broker for the purposes of the AIM Rules for Companies. Its responsibilities as IHC's nominated adviser and broker under the AIM Rules for Nominated Advisers are owed solely to London Stock Exchange plc and not to IHC, any director of IHC or any other person.
No offer or invitation to purchase or subscribe for ordinary shares in or warrants to purchase or subscribe for ordinary shares or warrants of IHC is being made by this announcement.
SOURCE India Hospitality Corp.
07/31/2008
/CONTACT: Media Contact: Mutual Image & Events Management Pvt. Ltd.Harsh Wardhan, +91 11 41416523; or Investor Relations Contact: ICR Inc., William Schmitt +1-203-682-8200; or Nominated Adviser and Broker: Deutsche Bank AGMumtaz Naseem, +44 20 7545 8000 /
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