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Tata Sons hikes stake in Indian Hotels by 1.78% to 29.79%

Thursday, November 9, 2017, 14:00 Hrs  [IST]

As per a report in Hindustan Times, Tata Group hospitality firm Indian Hotels Co. Ltd on Wednesday said Tata Sons has raised its holding in the company by 1.78% to 29.79% pursuant to a rights issue. Tata Sons earlier had 28.01% stake in the hospitality major. "The mode of acquisition is allotment of shares pursuant to a rights issue,” Indian Hotels Co. Ltd said in a regulatory filing. 

 
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