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AZB sets up $600m GIC-Reco Altius investment fund with Indian Hotels Co (May ‘19)

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.


Deal value: INR 40 Billion / USD 600 Million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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