022 24172311
Venture Capital
Private Equity

DataBoard Demo
Mergers & Acquisitions | 9 November 2012

Orient-Express Hotels Rejects Tata's Offer

by Paritosh Gajjar
Orient-Express Hotels Rejects Tata's Offer
Share on Social Media Email Facebook Twitter Linkedin

After a repeated attempt by Indian Hotels Limited to buyout the Orient-Express Hotels, the operator of luxury hotels, cruise and train services in the West, has rejected the offer stating ‘cheap’ valuation as a reason.

Tata group owned Indian Hotels had bid a 40% share premium price of $12.63 per share or a total consideration of around $1.86 Bn last month.

The bid was made in conjunction with the chairman of Ferrari, Luca Cordero di Montezemolo, who had agreed to invest $100 Mn for a minority stake in the newly combined entity.

Hindusthan Glass To Raise Funds

Hindusthan Glass To Raise Funds

Hindusthan National Glass is planning to raise R300 Cr. The company’s board meeting held on Tuesday has approved to issue new equity shares of face value of Rs. 2/- each at a premium, issue size aggregating, upto R300 Cr on Rights/Preferential basis, either as direct equity or through a convertible ...


TVS Logistics To Acquire DIESL

TVS Logistics To Acquire DIESL

TVS Logistics Services Limited (TVS LSL), India’s leading 3rd Party Logistics (3PL) service provider, is planning to acquire Drive India Enterprise Solutions Limited (DIESL), for an undisclosed sum. The Tata Opportunities Fund (TOF), the flagship Private Equity fund advised by Tata Capital, will invest into TVS LSL to fund the acquisition and to support its future growth through a minority stake.

Enter your Email address
to receive all the news