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Mergers & Acquisitions | 9 April 2012

Sahara India To Acquire 85% In Dream Downtown

by Irfan Khan
 
@irfan
Sahara India is planning to acquire 85% stake in Sant Singh Chatwal's flagship property Dream Downtown Hotel in New York through its Mauritius based subsidiary Aamby Valley Ltd.

The Chatwal group will retain the remaining 15% stake in hotel, while the existing franchise agreement with the Wyndham Hotel Group to run Dream Downtown will continue to remain in place even after Sahara takes over the hotel.

Dream Downtown has 315 rooms, an expansive rooftop lounge, a beach club and extensive fitness facilities with spa services.

Cisco Invests In Aavishkaar India II Fund

Cisco has made an investment in Aavishkaar India II Company Ltd - a Mauritius based $120Mn fund dedicated to investing in rural India.

Read More...

Atishay Infotech To Go Public Through SME Platform

Mumbai based Atishay Infotech Limited has filed DRHP on BSE SME platform for the issue of 2.3 Mn equity shares at a price of INR 16 per unit aggregating to INR 37.1 Cr. The issue constitutes 26.41% of the paid up equity share capital of the company.

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