RBI cancels UNI allotted to Panoramic Universal’s arm in Namibia

Panoramic Universal has received a letter from Reserve Bank of India (RBI) stating the fact that RBI has taken on record the disinvestment of the entire stake of the company in its wholly owned subsidiary in Namibia namely ‘Starting Right Investments Two Two Five’ and the Unique Identification Number (UIN) allotted for the same has been cancelled. Panoramic Universal engages in the hospitality and information technology businesses. The company owns and operates hotel properties in India, the United States, and New Zealand.