Indian Hotels Company has invested Rs 55 crore in the equity shares of Genness Hospitality (Genness) and Rs 35 crore in the equity shares of Qurio Hospitality (Qurio), by way of subscription to Rights Issues. Being the wholly-owned subsidiaries, there is no change in the shareholding percentage of the company in Genness and Qurio, pursuant to the aforesaid investment.
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, midmarket and value segments of the market.
