CIEL Investment Limited (“CIL”) has today entered into the following transactions:

• The acquisition of 3,305,357 (3.53%) ordinary shares of Sun Resorts Limited (“SRL”) for Rs 214.8 M.  As a result, CIL’s shareholding in SRL will amount to 28.43%.
• The sale of its entire stake in Hotelest Limited, i.e., 11.53% for Rs 188.1M.
• The sale of 4.91% of Constance Hotels Services Limited (“CHSL”) for Rs 156.9M. As a result, CIL’s shareholding in CHSL will amount to 20%.
• The sale of its entire stake in Belle Mare Holding Limited, i.e., 11.21% for Rs 68.5M.

The overall impact of the above transactions is the reinforcement of CIL’s presence in SRL and a reduction in the shareholding of Constance Hotels Services Limited to the 20% level.

For more information, please contact:
Amélie Audibert
Communication & HR Coordinator
CIEL Group
Tel : 404 2120 – 423 1673
aaudibert@cielgroup.com