Posted inBusiness

Asian Hotels awaits Sebi nod

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The Asian Hotels–West is now awaiting the permission of the Securities and Exchange Board of India (Sebi) to start trading on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

This wit comes across after the demerger of Asian Hotels into three separate entities. It is to be noted that the company has already got NSE and BSE permission.

Asian Hotels, brought the Hyatt brand to India, was split into west, north and east in February. Presently, only Asian Hotels—North is listed on BSE and NSE.

Asian Hotels-West is coming with two properties by 2013 with an investment of Rs 760 crore. The company is going to raise Rs 60-70 crore through qualified institutional placement (QIP) this year to fund these projects.

 

Ronan Fearon, General Manager, JW Marriott Bengaluru Prestige Golfshire; Uzma Irfan, Director of Corporate Communications - Prestige Group; Anuradha Venkatachalam, Captain (Hotel Manager), Moxy Bengaluru Airport Prestige Tech Cloud; Rezwan Razack, Managing Director, Prestige Group; Irfan Razack, Chairman and Managing Director, Prestige Group; Zaid Sadiq, Executive Director - Liaison & Hospitality, Noaman Razack, Director Prestige Group; Ranju Alex, Area Vice President- South Asia, Marriott International; Suresh Singaravelu, Executive Director - Retail, Hospitality & Business Expansion
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