Kamat Hotels ups stake in JV to 26% Mumbai-based Kamat Hotels has bought 9 per cent stake of partner BSEL Infrastructure Realty, in BW Highway Star for an disclosed amount. Kamat’s stake has thus gone...
Hotel
Promoter group hikes stake in Revathi Equipment
Promoter group hikes stake in Revathi Equipment A promoter-controlled investment vehicle, Renaissance Asset Management has hiked its stake in Revathi Equipment through secondary market purchases, a BSE announcement said...
Tech Mahindra soars on Satyam stake buy buzz
Tech Mahindra soars on Satyam stake buy buzz Reports say that Tech Mahindra may be interested in acquiring Satyam as part of its strategy to evolve from a telecom industry focused IT firm to a full fledged IT services...
We are not interested in hostile takeover: YC Deveshwar
ITC was not trying to increase its stake in EIH, the Oberoi Group flagship company, said YC Deveshwar, chairman, ITC, at the annual general meeting of the company in Kolkata on Friday. ITC owns a little more...
IHCL acquires Hotel Sea Rock for Rs 680cr
Indian Hotels Company, which announced the acquisition of closed Sea Rock hotel at Bandra from ELEL for Rs 680 crore, said on Friday that it will set up a hospitality landmark at the site including a world-class...
Indian Hotel eyes higher Orient stake
Indian Hotels’ vice-chairman RK Krishna Kumar said his company would be happy to raise its stake in Orient-Express Hotels where it currently holds 9.7%. “The Tata group does not make hostile moves,” he stated at a press...
Indian Hotels to acquire Sea Rock for Rs 680 cr
Indian Hotels Company Ltd (IHCL), which runs the Taj Group of hotels, will acquire Sea Rock Hotel in Mumbai for Rs 680 crore. IHCL will pick up an 85 per cent stake in ELEL, the company which holds a long-term sub-lease...
Indus Hospitality to make open offer for Sterling Holiday
Indus Hospitality Fund and India Discovery Fund have together announced an open offer for the shares of Sterling Holiday Resorts Ltd at Rs 36.25 a share, to acquire 22.86 per cent of the company’s existing equity...
Unitech sells hotel for Rs 200 crore
Third sale in two months, more to follow. Unitech Ltd, the country’s second-largest real estate developer, has sold its under-construction hotel on National Highway-8, Gurgaon, for Rs 200 crore to an individual...
Indian Hotels buys 2.25 million shares of Orient Express
Indian Hotels, owner of the Taj Group of hotels, has bought 2.25 million shares of the New York-listed Orient Express Hotels (OEH) at $5.75 a share, in a market transaction totalling $12.93 million (about Rs 64.65...
Pride hotels lines up Rs 600 crore for expansion
Pride Group of Hotels will invest over Rs 600 crore over the next 2-3 years to strengthen its portfolio through greenfield projects and acquisitions, said a top company official. The investments will include a new...
Marriott wins back Sheraton-owner Starwood with new offer
Starwood Hotels and Resorts Worldwide Inc, owner of the Sheraton and Westin brands, accepted a sweetened $13.6 billion acquisition offer from peer Marriott International Inc, spurning China’s Anbang Insurance...
