MUMBAI (Reuters) - Indian Hotels Co Ltd, part of the $100-billion Tata Group, expects to decide on its bid to acquire Orient-Express Hotels Ltd by next quarter, Chief Financial Officer Anil Goel said on Monday.
It had earlier said it would decide on the bid by March-end. Indian Hotels' board is considering the matter, Goel said.
In November, U.S.-listed Orient-Express, which owns the Hotel Cipriani in Venice and the '21' Club in New York, rejected a $1.2 billion unsolicited takeover offer from Indian Hotels as too cheap.
Earlier on Monday, Indian Hotels said its June-quarter net profit more than doubled to 97.8 million rupees despite flat sales.
(Reporting by Aditi Shah; Editing by Anand Basu)
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