Chalet Hotels Limited
Sundaram Mutual Fund decreased its stake in Chalet Hotels Limited from 1.26% to 1.22%, reducing its shareholding from 2,770,247 to 2,678,122 shares. The value of the sold shares is approximately ₹8 Cr (92,125 shares * ₹869.55/share).
A hospitality operator engaged in owning and managing hotel properties across India's key markets. Chalet Hotels develops and operates upscale hotel assets while managing complementary commercial and retail spaces within its properties. The company focuses on the premium segment hospitality sector with an integrated real estate development approach to maximize asset utilization and generate diversified revenue streams.
Chennai-based AMC founded in 1996 as a joint venture with BNP Paribas, now wholly owned by the Sundaram Finance Group. Manages over Rs 1 lakh crore. Strong brand in South India with equity funds that have delivered consistent long-term track records across market cycles. Sundaram Mid Cap Fund has been a flagship since the early 2000s.