• IHC moots Ginger float

Indian Hotels Company is reported to be considering floating Ginger Hotels, its 21-strong budget chain, over the next two years.

The comments were made at Indian Hotels’ AGM, where Ratan Tata, chairman, added that the group planned to expand its luxury Taj group around the world, once profit margins  had improved. Taj currently has 104 hotels globally.

See the full story here:
http://www.business-standard.com/india/news/tata-group-plans-to-list-ginger-hotels/403736/

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