Sunday, May 27, 2007

Dubai Ventures buys stake in Bharat Hotels

Dubai ventures has bought in an equity stake of $40 million in Bharat Hotels, one of India's largest hotel chains in India.

Bharat Hotels currently operates InterContinental The Grand hotels in the major cities of India.

Dubai Ventures is the equity investment arm of Dubai Investment Group (DIG), and invests across the world, but predominantly focuses on Asia.

No comments: