Burger chain owner Sanjay Chhabra takes Mauritius route to invest in India
Written by : SMTV24x7 | Fri, Nov 10, 2017, 10:44 AM
New Delhi Nov 10: The International Consortium of Investigative Journalists (ICIJ) has brought out paradise papers - the documents to shun the light on offshore entities.
The documents reveal that how the owner of burger chains in India, invested in India via Mauritius route.
Sanjay Chhabra owner of Dolomite Restaurants and Sierra Nevada Restaurants Pvt Ltd have entered joint venture companies with UK-based International Market Management (UK) Ltd.
IMM Associates Mauritius was incorporated on May 2, 2014, in Mauritius as a 100 percent subsidiary of International Market Management (UK) Ltd.
Documents reveal that Dolomite Restaurants Pvt Ltd's 50 per cent shares are with Carnation Hospitality and the remaining 50 percent with IMM Associates Mauritius.
IMM Associates also holds 50 percent shares of Sierra Nevada Restaurants Pvt Ltd in which the remaining 50 per cent shares are with Rollatainers Ltd.Rollatainers was incorporated on February 14, 1968, in Delhi .