New Delhi, April 28 -- GIC, a leading global institutional investor, and Samhi Hotels have entered into a strategic partnership to develop an investment platform focused on upscale and high-end hotels in India. As part of the deal, GIC will acquire a 35% stake for Rs.752 crores in Samhi's three subsidiaries, which own assets like Courtyard and Fairfield by Marriott and Trinity Hotel in Bengaluru and Hyatt Regency Pune.
changer for Samhi, the cheapest listed hotel company, as it presents an opportunity to reduce debt, lower interest expenses, and improve overall profitability. The optimism fuelled an over 10% rally in Samhi share price on 24 April.
So, how is Samhi expected to benefit from this deal? Let's break it down.
Samhi's unique ...
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