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hotels

Indian Hotels to acquire balance 40% stake in Ginger Hotels. Also to raise funds to become debt free.

Indian Hotels Company Ltd (IHCL) while announcing the Q2 results for FY 22, informed about two more key decisions – It’s acquiring balance 39.84% of Roots Corporation Limited (operates Ginger brand of hotels) at an equity valuation of Rs 1,225 crore (i.e., for Rs 488 crore). Stake would be acquired from the existing shareholders making … Read more

Mahindra Holidays after a 2 yr delay may finally be entering into property management

The Company has been planning to enter this segment for last 2 years. Reason – asset light model of growing business. The Company claims that the same got delayed due to the Covid pandemic. However, now it may enter into this soon as Company is bullish on revenge travel and expect the demand to pick … Read more

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