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Goldman invests 4.4b rupees in India hotel firm

Published Tue, Jan 5, 2016 · 09:50 PM
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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 …

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