IHCL takes an exit from TAJ GVK Hotels. Shalini Bhupal acquires 25% stake for 592 crores
The demerger is estimated to take 10 to 12 months to complete, depending on clearances from shareholders, stock exchanges, and SEBI.
The hotel will have 80 rooms, a restaurant, a rooftop lounge bar, a swimming pool, a fitness facility, banquet spaces and other common facilities.
Sinclairs Palace Retreat Udaipur is a large resort spread across 5 acres of land on Haldighati Road, around 35 kilometres from Udaipur.
The company has already secured ₹810 crore from anchor investors ahead of the issue opening.
The public issue, valued at ₹1,800 Crore, witnessed a subscription of 2.08 times during the period of February 21-23.
Juniper Hotels IPO offered in the price band of ₹342-360 per share with a lot size of 40 equity shares
On Wednesday, February 21, the Juniper initial public offering (IPO) went live, and it ends today, Friday, February 23.
The company aims to raise ₹1,800 Crore through a fresh issuance of 5 Crore shares
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