Apollo Sindoori Hotels Share Price

Apollo Sindoori Hotels Limited was incorporated in November 03, 1998. Apollo Sindoori is a leading hospitality service management and support services company. It manage the entire gamut of hospitality services right from food services to kitchen planning and management. It has built a heritage by combining the corporate and professional prowess with experience and expertise in catering and hospitality field. During FY 201617, the company got listed on National Stock Exchange after Madras Stock Exchange closed down the operation. Apollo Sindoori Hotels entered into an MOU dated July 14, 2006 with Faber MediServe SDN. BHD (FMS) whereby FMS and Apollo Sindoori Hotels have agreed to form a joint venture company in Chennai for the purpose of setting up a project upon mutually agreed objectives in the domain of biomedical engineering, facility engineering, cleansing, housekeeping, janitorial services and hospital support services and management information services. It was agreed that FMS would hold 51% of the proposed Joint Venture Company while Apollo Sindoori Hotels would hold 49%. The said Joint Venture Agreement was entered into between FMS and Apollo Sindoori Hotels on June 25, 2007 whereby amongst other terms, it was recorded that a private limited company with the name Faber Sindoori Management Services Private Limited would be incorporated on 27th August 2007.During the year 2019, the company incorporated a wholly owned subsidiary namely Olive Twist Hospitality Private Limited on 25th February 2019 to carry on event management, business center, convention centers elite catering.