Shares of Mahindra Holidays and Resorts India Ltd. are in focus today after the frim said has received board approval for a significant move into the leisure hospitality sector, with a planned investment of approximately ₹1,000 crore through its subsidiary, Mahindra Hotels and Residences India Ltd.

Shares of Mahindra Holidays closed 2.99% lower at ₹323.50 on Wednesday against the previous close of Rs 333.30. The stock has declined 13% year-to-date. Market cap of the firm stood at Rs 6,530 crore. Advertisement

The new venture will launch a high-end brand, Mahindra Signature Resorts, expanding the company's focus beyond vacation ownership and aiming to penetrate the rapidly growing luxury hospitality segment in India. The company also introduced a comprehensive transformation strategy t

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