The Tata group's hospitality arm posted an over 24 percent jump in net profit for the year ended March at Rs 363.74 crore, as compared to Rs 296.12 crore in the previous fiscal.
As per the agreement, IHCL will manage and operate the property, CG Hospitality said
The shares are proposed to be acquired at or around the prevailing price on date of proposed acquisition that is on or before March1 13, 2018