Mahindra Holidays' travel business taken over by Mercury
New Delhi: Mahindra Holidays & Resorts India Ltd (MHRIL) has said it will stop providing travel-related services as its travel business has been taken over by Mercury Travels.
“Travel Services will now be availed from Mercury Travels Ltd. As part of the transition, certain corporate clients of the erstwhile travel-related business (TRS) have also agreed to avail the services of Mercury for their travel requirements,” MHRIL informed the BSE.
Yesterday, Club Mahindra, MHRIL's flagship brand had informed its customers that Club Mahindra travel business has been taken over by Mercury Travels Ltd.
“Mercury Travels team will start accepting all your travel-related queries with immediate effect at the above number,” Club Mahindra had said.
MHRIL had further said, “As part of the overall strategy, the company has decided not to provide travel-related services to its vacation ownership members, employees and other corporate clients.” MHRIL, which operates 40 resorts across India and abroad, has 1,75,000 vacation ownership members.
Shares of the company were trading at Rs. 284.00 per scrip on the BSE, down 1.47 per cent from its previous close.