Indian Hotels Company Ltd has invested over Rs 165 crore to acquire 3.3 lakh equity shares in its wholly-owned subsidiary, ELEL Hotel and Investment Ltd, through a rights issue. This investment aims to develop Taj Bandstand on the land parcel at Bandstand Bandra, for which ELEL Hotel holds the leasehold rights.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.