Mahindra Holidays' Travel Business Taken Over by Mercury

New Delhi: Mahindra Holidays & Resorts India Ltd (MHRIL) has said it will stop providing travel-related services as its travel business has been taken over by Mercury Travels Ltd.

"Travel Services will now be availed from Mercury Travels Ltd. As part of the transition, certain corporate clients of the erstwhile travel-related business (TRS) have also agreed to avail the services of Mercury for their travel requirements," MHRIL informed the BSE.

On Tuesday, Club Mahindra, MHRIL's flagship brand, had informed its customers that its travel business has been taken over by Mercury Travels.

"Mercury Travels team will start accepting all your travel-related queries with immediate effect at the above number," Club Mahindra had said.

"As part of the overall strategy, the company has decided not to provide travel-related services to its vacation ownership members, employees and other corporate clients," it had further said.

MHRIL, which operates 40 resorts across India and abroad, has 1,75,000 vacation ownership members.

Shares in Mahindra Holidays, on Wednesday, ended at Rs 281.70 apiece on the BSE, down 2.27 per cent from the previous close.