The Business Times
business-time-50

Goldman invests 4.4b rupees in India hotel firm

google-preferred-sourceAdd BT as a preferred source
Published Tue, Jan 5, 2016 · 09:50 PM

New Delhi

GOLDMAN SACHS has invested 4.4 billion rupees (S$94 million) for a significant minority stake in Indian hotel investment and development firm Samhi Hotels, the companies said in a statement on Tuesday.

Samhi, which operates 10 hotels and is developing 16 more, will use the money to grow its portfolio to about 30 to 35 properties, the company's chief executive officer Ashish Jakhanwala told Reuters.

TRENDING NOW

Singtel Singapore’s operating revenue falls 3.1% to S$901 million, attributed to “continued intense price competition”.

Singtel Q1 gain drops 71% to S$818 million in absence of Airtel stake sale; weaker Singapore business

The energy and urban solutions provider incurred S$155 million in transaction costs related to its acquisition of Australian energy provider Alinta.

Sembcorp raises interim dividend despite 72% H1 profit slide to S$150 million on Alinta deal costs

BYD’s rise to become the No 1 passenger-car seller in Singapore can be described as explosive. 

How BYD disrupted Singapore’s car market – and why the strategy is turning on itself

Revenue for the half year grows 61.1% to S$2.72 billion, up from S$1.69 billion in H1 2025.

CDL H1 profit jumps three times to S$301 million on strong condo sales, doubles interim dividend

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More