Indian Hotel Board approves acquisition of 55% stake in Rajscape Hotels
The Board of Directors of The Indian Hotels Company has approved the execution of a Share Subscription and Purchase Agreement, and Shareholders' Agreement to acquire ~55% equity shares for an amount not exceeding Rs 18 crore in Rajscape Hotels, a Company that manages 16 boutique properties offering immersive and experiential stays under the brand Tree of Life Resorts & Hotels across India.
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First Published: Nov 05 2024 | 5:36 PM IST