Regulatory - Page 6

KOCHI: The Kochi corporation health wing has closed down two hotels with immediate effect in Ponnurunni after it was found that they were discharging untreated waste to Punchathode canal. The illegal activity

In preparation for the refinancing, OYO has already moved its application with markets regulator SEBI to withdraw its current draft red herring prospectus (DRHP). The company intends to refile an updated version

Multinational conglomerate CG Group has plans of taking its hospitality company CG Hospitality Global and The Fern brand public over time, said Rahul Chaudhary, MD, CG Hospitality Global and CG Corp, in

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has upheld the insolvency proceedings against Tulip Hotels, which had defaulted on Rs 450 crore corporate guarantees given for Cox & Kings and

Representative Image Bengaluru-based hospitality firm Ferns Estates has acquired a 75-keys luxury hotel in the tourism hub of Goa from a local developer for ₹175 crore. The deal includes an adjacent 2-acre

Prominent Chennai hotelier Vikram Aggarwal is in advanced stages of acquiring a three-star Clarion Hotel in Chennai in a deal estimated to be valued at approximately Rs 180 crore, two people familiar

KOLKATA: The city-based Jain Group, one of the leading real estate developers, is planning to invest Rs 500 crore by 2030 to expand its footprint in the hospitality sector. It has collaborated

Representative Image AHMEDABAD: The Gujarat high court on Wednesday ordered the state govt to take possession of Surat’s Agriculture Produce Market Committee’s (APMC) five-star hotel constructed on the market yard’s land. It

MUMBAI: Manish Lalwani-promoted Omkara ARC has acquired Park Hyatt Hyderabad‘s loans for ₹300 crore from lenders at a 34% discount from sellers that included BlackRock and JM Financial. The all-cash deal involved

Representative Image MUMBAI: Asset reconstruction companies (ARCs) are lining up for the bankrupt ACCIL Corp‘s ₹270 crore debt in what is turning out to be a rare 100% recovery for banks. The