SEL Manufacturing Co has acquired stake in Omega Hotels and SEL Aviation.
The company has acquired 99.88 per cent stake in Omega Hotels and 51.09 per cent stake in SEL Aviation. With this acquisition, both the companies have become the subsidiary of SEL Manufacturing. However, financial details of the deal have not been disclosed.
Omega Hotels is setting up a hotel at Agra in Uttar Pradesh and SEL Aviation is in the business of aviation services and holds a Non-Scheduled Operator's permit under the Director General of Civil Aviation, Rules and Regulations.