Securities market regulator Sebi on Tuesday directed Hotel Leela Venture (HLVL) to provide information via “additional disclosures in the postal ballot notice” of the asset sale transaction with Brookfield...
GIC begins talks with GVK Power to buy its stake in Indian Hotels joint venture
Government of Singapore Investment Corp (GIC) is in preliminary talks with GVK Power and Infrastructure to acquire its stake in Taj-GVK Hotels and Resorts as the sovereign investment vehicle of the South East Asian...
Oyo Hotels acquires Innov8, expands co-working space business
OYO Hotels and Homes, the world’s third-largest chain of hotels, homes, managed living and workspaces, on Tuesday confirmed its acquisition of Innov8, a co-working spaces provider, highlighting the company’s increasing...
InterGlobe in talks to buy Burger King’s India franchise
Rahul Bhatia-controlled InterGlobe group is in advanced discussions to acquire the Burger King India franchise from private equity firm Everstone Capital for about Rs 1,400 crore, according to two people directly aware...
NCLT hearing on Leela-Brookfield deal: Need another 3 months to finish the probe, says Sebi
Capital market regulator, Securities & Exchange Board of India (Sebi), has informed the dedicated bankruptcy court that it will take three more months to complete its probe into the deal between Canadian investor...
Lemon Tree Hotels will divest 49% stake in 2 years, says Patanjali Keswani
Lemon Tree Hotels, which has been in a capital deployment phase to expand operations and create assets, will start scouting for buyers to divest minority stake after fiscal 2021-22, Patanjali Keswani, chairman and...
KFC India to sell 61 more stores to Jaipuria-owned Devyani International
Yum! Brands’ KFC India is selling off 61 equity-owned restaurants to diversified group RJ Corp-promoted Devyani International (DIL) for an undisclosed amount, in line with its global strategy to exit capital-intensive...
ITC trying to scuttle deal with Brookfield, claim Leelaventure promoters
Promoters for Hotel Leelaventure on Monday told the National Company Law Tribunal that minority shareholder ITC was trying to scuttle their deal with Brookfield, because the Canadian asset manager could pose it...
Leela sale row: ITC seeks waiver of minimum shareholding norm
Hotel major ITC Tuesday sought waiver of the norms regarding minority shareholders in its case against Hotel Leelaventure in which it owns less than the mandated 10 percent. The ITC counsel told the tribunal comprising...
ITC says it hasn’t made any offer for Leela assets
ITC has said it has not made any offer to acquire the assets of Hotel Leela venture, putting to rest speculation that it is keen to acquire the assets at a lower cost being a competitor, and which is why it has thrown a...
Singapore’s CDL makes fresh bid to buy rest of Millennium & Copthorne Hotels
Millennium & Copthorne Hotels Plc has agreed to be acquired by majority owner City Developments Ltd (CDL) in a deal that values the British company at 2.23 billion pounds ($2.84 billion), the companies said on...
Italy’s Autogrill looking for acquisitions as war chest grows
Italy’s Autogrill, which runs restaurants and bars at airports, motorways and railways around the world, is looking at possible acquisitions in related sectors in the next few years, when it will have 1.5 billion euros...
