Indian Hotels Co. (IHCL) and Singapore’s sovereign wealth fund GIC will set up a three-year, Rs 4,000-crore investment platform to acquire hotels in the luxury, upper-upscale and upscale segments, the company said on Friday.

— The Economic Times

AZB & Partners advised Reco Altius Private Limited, a wholly owned subsidiary of GIC, led by a team of partners Sai Krishna Bharathan, Ananya Sharma and Kunal Kumbhat.

2019-05-17

Deal value: INR 40 Billion / USD 600 Million

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