The Mavalli Tiffin Rooms (MTR) of the earstwhile Bangalore era is shortly no more. Reportedly the company has been sold out by the Maiya group for a whooping 443 crores as latest reports came in.
Norway based company which has purchased the same is very interested in piggy backing its own offerings using the MTR distributor channel. They also plan to introduce the famous MTR brand abroad.
Its not clear as to what would be the fate of the MTR brand (chain) of hotels run by one of the brothers. Would it go away too?
Interestingly the MTR spoksmen were not around for comments. Last quarter an American company tried to buy it out but deal fell through due to tussle of management issues.
So there goes our vada, idli, masala dosa, upma et all global. The side effect is we are going to boost some foregin economy when we have our staple diet at MTR. Long live the global village!