Industry Update
External Article26 August 2010

Asian Hotels Promoters Recast Stake

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Economic Times

MUMBAI: The promoters of the erstwhile Asian Hotels have restructured their holdings through bulk deals worth Rs 500 crore in line with their decision to region-wise split the hospitality business. The promoters - Guptas, Jatias and Sarafs - exchanged stakes among themselves through several deals on Monday to hold around 55% stake each in Asian Hotels (W), Asian Hotels (N) and Asian Hotels (E) respectively.

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