IHCL ties up with Singapore’s GIC to invest Rs 4,000 crore in hotel acquisitions
MUMBAI: Tata Group’s hospitality arm IHCL said it has tied up with Singapore’s sovereign wealth fund GIC to invest Rs 4,000 crore to acquire hotels. The Indian Hotels Company (IHCL) will put in 30 per cent equity in every such acquisition, while the rest will come from GIC, according to an official statement. Investments will […]