يحاول ذهب - حر
GIC to invest ₹752 crore for 35% stake in five Samhi hotels
April 25, 2025
|Mint Bangalore
Singapore's sovereign wealth fund GIC is investing ₹752 crore in three hotel-owning subsidiaries of Samhi Hotels, which together house Courtyard by Marriott and Fairfield Inn by Marriott at Bengaluru's Outer Ring Road, Hyatt Regency in Pune, and its recently acquired Trinity hotel portfolio in Whitefield, Bengaluru.
With this deal, GIC will acquire a minority (35%) stake in these subsidiaries, which have 1,000 rooms combined. Of the total investment, ₹603 crore will be used upfront to reduce the company's debt across its entire portfolio, while a small portion will go toward transaction expenses.
Another ₹149 crore will be infused over the next two years to partially fund capital expenditure for a dual-branded hotel under the Trinity hotel portfolio (Tribute Hotel and an upcoming Westin hotel) banners in Whitefield, Bengaluru.
هذه القصة من طبعة April 25, 2025 من Mint Bangalore.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Mint Bangalore
Mint Bangalore
Govt may wind up DoT's top policy panel
the third official, adding that the matter is being taken up by the Union cabinet.
1 min
June 26, 2026
Mint Bangalore
Amazon pledges $13 bn more in India AI outlays
Amazon.com Inc. added $13 billion to its planned India investments, accelerating its buildout of artificial intelligence and cloud infrastructure in the world’s most populous country.
1 min
June 26, 2026
Mint Bangalore
THE OPPORTUNITY COST OF WAITING FOR PERFECT TRADE
Several years ago, midway through my Master’s programme at Northwestern University in Chicago, many of my classmates accepted summer internships that were not closely aligned with the course.
2 mins
June 26, 2026
Mint Bangalore
Traceability rules cover vaccines, cancer drugs now
The Union health ministry expanded mandatory track-and-trace requirements to cover all vaccines, antibiotics, cancer drugs and narcotic and psychotropic substances, widening an anti-counterfeiting system that previously applied only to India’s 300 top-selling drug brands.
1 min
June 26, 2026
Mint Bangalore
‘Build foundational AI or risk becoming a mere consumer’
BharatGen, which has built its first model from scratch, warns of a severe talent deficit
3 mins
June 26, 2026
Mint Bangalore
EV platform BLive to invest ₹100 cr
Electric mobility platform BLive on Thursday announced an investment of over ₹100 crore to deploy 1,000 electric mini-trucks over the next two years.
1 min
June 26, 2026
Mint Bangalore
Two powerful earthquakes hit Venezuela, killing at least 164
Wednesday evening's 7.2, 7.5 magnitude quakes among strongest to strike the country in more than a century
4 mins
June 26, 2026
Mint Bangalore
Did the forex reserves position warrant RBI's crisis playbook?
The central bank's costly measures to attract dollars are hard to explain at a time of comfortable foreign-exchange buffers
3 mins
June 26, 2026
Mint Bangalore
'Energy security key to Brics synergy'
Brics energy ministers on Thursday reaffirmed that energy security remains central to the grouping’s cooperation, stressing the need for diversified, resilient and transparent energy systems and supply chains.
1 min
June 26, 2026
Mint Bangalore
JSW Ventures eyes ₹500 crore fund
Early-stage venture capital firm JSW Ventures is preparing to raise its third fund, targeting a corpus of ₹400-500 crore as it looks to back a concentrated portfolio of startups and write larger cheques in a competitive funding market.
2 mins
June 26, 2026
Listen
Translate
Change font size