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 […]
Tata’s IHCL retains Taj Mansingh Hotel after NDMC auction
NEW DELHI: The iconic Taj Mansingh Hotel in Lutyens’ Delhi was retained by the Tata group in an auction by the New Delhi Municipal Council (NDMC) Friday, an official on said. The auction was pending since the lease expired in 2011. The lease for the property will be granted to the group for 33 years […]