Sarovar Hotels Pvt Ltd is in the process of hitting the bourses with its initial public offer in another four years' time. | |
| According to Ajay Bakaya, ED, Sarovar Hotels, "though the final decision is yet to be taken, we are looking at an approximately four-year period before we announce our IPO. The size and other financials of the public offer are yet to be finalised." |
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| He said private equity majors Bessemer Venture Partners and New Vernon Private Equity Ltd had invested in Sarovar Hotels during December last. |
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