Chai Break, a Kolkata-based restaurant chain that serves hookah and snacks, has been valued at Rs50 crore in the first round of an external funding. ALP Retail Pvt. Ltd, which runs the chain, on Monday said it sold a...
Hotel
Chai Point plans to raise more than $10 million in Series C funding
Mountain Trail Foods Pvt. Ltd, which owns the Chai Point chain of tea stores, plans to raise more than $10 million in a Series C round of funding, which it expects to close in the first half of 2018. The next round of...
Spanish hotels company Barcelo offers to take over NH Hotels
Grupo Barcelo has made a tentative takeover approach for rival NH Hotel Group (NHH.MC) to create the biggest hotel operator in Spain, where tourism is booming. Family-owned Barcelo has proposed taking a 60 percent stake...
Kanoria Foundation’s Shristi Hotel looking to buy business hotels, resorts
With a corpus of Rs1,500 crore, Shristi Hotel Pvt. Ltd, an arm of Kolkata-based Kanoria Foundation, is looking to acquire business hotels and resorts across the country, with a strategic focus on cities like Mumbai...
Tata Sons hikes stake in IHCL by 1.78% to 29.79%
Tata Group hospitality firm Indian Hotels CompanyBSE 2.13 % today said Tata Sons has raised its holding in the company by 1.78 percent to 29.79 percent pursuant to a rights issue. Tata Sons earlier had 28.01 percent...
NDMC finalises tender docs for auction of Taj Mahal hotel
The New Delhi Municipal Council (NDMC) finalised the tender document and licence deed for the auction of the Taj Mahal Hotel at a meeting chaired by Delhi chief minister Arvind Kejriwal on Monday. “The tender...
Snoman Logistics bets big on IKEA deal
BSE-listed Snowman Logistics bagged an exclusive deal from IKEA, the global home furnishing retail major, to manage backend operations of its in-store restaurants business in India. The value of the deal was not known...
Accor in $920 million Mantra bid as Australia tourist boom stokes hotel demand
France’s Accor SA has bid A$1.18 billion ($920 million) for Mantra Group Ltd – a deal that would combine the two biggest hotel owners in Australia and seek to capitalize on surging tourism in the country. Accor...
Provenance Land to raise Rs1,000 crore from private equity funds
Provenance Land Pvt. Ltd, which has built Four Seasons and Hyatt Regency hotels in India, is planning to raise around Rs1,000 crore from private equity funds, a top company executive said. Most of this money will be...
Japan’s Genki Sushi, Sushiro to merge: source
The owner of Japanese restaurant chain Genki Sushi Co (9828.T) will buy a one-third stake in bigger rival Sushiro Global Holdings Ltd (3563.T) from private equity firm Permira [PERM.UL], a person with direct knowledge...
Fight for market: McDonald’s moves Delhi High Court against Vikram Bakshi
Opening up a new front in its battle with estranged partner Vikram Bakshi, McDonald’s India Pvt Ltd (MIPL) filed an application in the Delhi High Court on Monday pressing for enforcement of the September 13 order of the...
Jiggs Kalra’s Massive Restaurants in talks with Gaja Capital to raise Rs80-100 crore
Massive Restaurants Pvt. Ltd, owned by celebrity food writer and chef Jiggs Kalra and his son Zorawar, is in talks with private equity fund Gaja Capital to raise about Rs80-100 crore to meet its expansion plans...
