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Tata Sons hikes stake in Indian Hotels to 29.79%

09 Nov 2017 Evaluate

Tata Sons has raised its holding in Indian Hotels Company by 1.78% to 29.79% pursuant to a rights issue. Tata Sons earlier had 28.01% stake in the hospitality major.

Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, mid-market and value segments of the market.


Peers
Company Name CMP
The Indian Hotels Co 728.50
ITC Hotels 164.00
Mahindra Holi.&Resor 199.45
EIH 296.65
Chalet Hotels 895.40
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