Last checked at 29 Oct 2009 16:10
India Hospitality Corp.
29 October 2009
Directorate Change
The Board of India Hospitality Corp. ("IHC" or "the Company") announces the resignation of the non-executive Directors Richard Foyston and Nicholas Bloy from the board of the Company with immediate effect.
Mr Foyston and Mr Bloy were Board members nominated by Navis Management Sdn Bhd, a substantial shareholder of IHC.
For Further Information Contact:
India Hospitality Corp.
Investor Relations Contact: Sand Hill RP
Michael A. Tew
mtew@sandhilrp.com
+1 (212) 445-7838
Media Contact: Mutual Public Relations Ltd.
Harsh Wardhan
+91 11 4362 0700
www.indiahospitalitycorp.com
Nominated Adviser: Grant Thornton Corporate Finance
Fiona Kindness/ Robert Beenstock
+44 20 7383 5100
Broker: Noble & Company Limited
Sunil Sanikop
+44 20 7763 2200
About India Hospitality Corp.
India Hospitality Corp. is a diversified pan-Indian hospitality and leisure company. In July 2007, IHC closed on the acquisition of India-based Mars Restaurants Private Limited, an emerging hotel and restaurant company, and SkyGourmet Catering Private Limited, an airline catering company with 2,800 employees across its facilities in India, from Navis Capital Partners and its affiliates.