Update : PVP Ventures

PVP Ventures Ltd has informed that AGS Hotels & Resorts Pvt Ltd, a wholly owned subsidiary of the Company, has sold its Hotel "Hotel Ooty Villa Park" situated at Ooty, as a going concern on an as-is-where-is basis, along with land and various superstructures, buildings and constructions thereupon, including other movable and immovable properties and rights, licenses, approvals, trademarks etc. to M/s. Mahindra Holiday & Resorts India Ltd, a group Company of Mahindra & Mahindra.PVP as a Group is focusing mainly on urban infrastructure including real estate and energy and hotel and resort business do not fit in the core business model. Accordingly, the management had decided to exit from the Hotel.