Damani Estates & Finance has reportedly acquired 2.23% stake in Taj GVK Hotels & Resorts on august 29, 2013 for Rs 76.44 million from Derive Trading. Damani Estates has acquired 1.4 million shares at a price of Rs 54.6 on the NSE.
The Taj Hotels Resorts and Palaces has 99 hotels in 56 locations across India with an additional 16 international hotels in the Maldives, Malaysia, Australia, UK, USA, Bhutan, Sri Lanka, Africa and the Middle East.