Saturday, May 18, 2019, 11:49 AM
IHCL ties up with GIC to invest Rs.4,000 crore in India
Indian Hotels Co. Ltd (IHCL), the owner of the Taj luxury hotel chain, signed a strategic partnership with Singapore's sovereign wealth fund GIC Pte Ltd to jointly invest around Rs.4,000 crore over three years. The investment platform will acquire fully operational hotels in the luxury, upper upscale and upscale segments in India, IHCL said in a filing to the BSE.
