in

Exchanges seek clarification from Indian Hotels over buzz Taj to open 775-room hotel complex; Stock gains 1%

The Indian Hotels stock was trading on a positive note on Thursday amid exchanges seeking clarification from the company over a buzz that stated that Taj will open a 775-room hotel complex at KIA.

At around 12:01 PM, Indian Hotels was trading at Rs137 per piece higher by 1.2% on Sensex. The stock was near the day’s high of Rs137.80 per piece.

BSE and NSE have sought clarification from Indian Hotels over a news article that appeared in The Hindu titled “Taj to open 775-room hotel complex at KIA”.

According to the news article, the Indian Hotels Company (IHCL), which owns/ operates Taj Group of hotels, agreed with Bengaluru Airport City Limited (BACL) to set up a 775-room hotel at Kempegowda International Airport.

The deal comprises of 450-room Vivanta and a 325-room Ginger hotel and will be operated under a management contract with BACL at the airport, where IHCL already operates Taj Bangalore.

KQ partners with FIA, WRC for ambitious motorsport talent programme

Local airlines in no rush to serve Phuket