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Indian Hotels Co.Ltd. - Strategic Partnership With Government Of Singapore Investment Corporation (GIC)

| Updated on May 17, 2019 Published on May 17, 2019

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that The Indian Hotels Company Limited (IHCL) has today signed a strategic partnership with Singapores sovereign wealth fund, GIC for an investment framework to the tune of about Rs. 4000 crores or USD 600 million over a period of three years from the date of signing. This capital platform will be used to acquire fully operational hotels mainly in the Luxury, Upper Upscale and Upscale segments in India.

Pdf Link: Indian Hotels Co.Ltd. - Strategic Partnership With Government Of Singapore Investment Corporation (GIC)

Source : BSE - www.bseindia.com

Published on May 17, 2019
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