If enabling resolutions go through, JM Financial will end up acquiring more than 50% in the luxury hotel chain, up from its current 26% holding.
As per the tender conditions at least three bidders were required for the auction to proceed. The hotel is popularly known as Taj Mansingh.
Car services provider Avis India launches international chauffeur drive services in over 110 countries
The company said it will provide chauffeur-driven car rental solutions across multiple categories such as economy, first class, business, economy vans, and luxury vans for airport transfers and point-to-point travel.
In February, the Taj Group of Hotels unveiled its new five-year strategy with chief executive Puneet Chhatwal stating that 60% of its assets will not be owned by the company by 2022.
As per reports, against a daily water requirement of about 44 million litres per day, Shimla’s supplies fell as low as 18 million litres per day last week.
The Kerala Tourism Development Corporation is a public sector undertaking that conducts and regulates various tourism activities in Kerala, along with promoting it as a leading tourist destination.
The study also highlights the deciding parameters for accommodation, adventure type, the rise of Voluntourism, transport and travel logistics for the young Indian travellers.
The NDMC had announced the e-auction of its premium hotels in Lutyen's Delhi -- Taj Mansingh, The Connaught and Hotel Asian International -- for a lease period of 33 years.
Niti Aayog has proposed a 60-year long term lease for Delhi’s first five-star hotel to give private players a free hand to redesign and manage the hotel and ITDC will advertise soon to appoint a consulting firm to manage the process.
The Hotel has nine meeting, banquet and conference spaces which include Deccan State room and two outdoor venues, the Pearl Deck and the Golconda greens.
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