Support and Resistance Levels
Past performance
About Robust Hotels Ltd Robust Hotels Limited, originally established as Robust Hotels Private Limited in 2007, operates in the hospitality industry, primarily managing the Hyatt Regency Chennai, a five-star deluxe hotel. In the fiscal year 2022-23, the company underwent a major restructuring through a Scheme of Arrangement and Demerger with Asian Hotels (East) Limited (AHEL), effective from September 21, 2022. This restructuring led to the transfer of AHEL's Securities Trading Unit assets and liabilities to Robust Hotels, resulting in its transition to a Public Limited Company on October 11, 2022, and its separation from AHEL as a subsidiary.
Following these changes, Robust Hotels Limited listed 17,291,696 equity shares with a face value of Rs 10 each on April 25, 2023. This development marks a significant step in the company's growth and expansion in the hospitality sector, offering potential investors an opportunity to engage with a newly public entity in the hotel industry.