Mumbai, April 24 -- Apeejay Surrendra Park Hotelshas entered into binding Memorandum of Understanding today for acquisition of 90% stake of Zillion Hotels and Resorts from its existing shareholders (namely Handa Family Shareholders and Nair Family Shareholders). Consequent to the aforesaid acquisition, Zillion Hotels and Resorts will become a subsidiary of the Company.

Published by HT Digital Content Services with permission from Capital Market....