Tata-group owned Indian Hotels Co Ltd (IHCL), which runs the Taj luxury hotel chain, on Friday signed a strategic partnership with Singapore’s sovereign wealth fund GIC Pte Ltd for an investment framework of around ₹4,000 crore ($600 million) for a period of three years. This investment platform will be used to acquire fully operational hotels mainly in the luxury, upper upscale and upscale segments in India, IHCL said in a BSE filing.
Register now to enjoy 3 free articles per month,
or log in to continue reading.
Stay informed with complimentary articles each month
Gain access to our exclusive newsletters delivered directly to your inbox
Be the first to know about all our summits!
Already a Subscriber? Log in
