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Taj, Singapore sign 4,000 cr partnership to buy hotels in India

Taj, Singapore sign 4,000 cr partnership

Indian Hotels Company, which runs hotels under Taj, Vivanta and Ginger brands partnered with Singapore's wealth fund GIC to invest ₹4,000 crore for buying hotels in India.

The equity contribution of Indian Hotels in the acquisitions will be 30% and GIC's will be 70%.

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The partners will acquire fully-operational hotels mainly in the luxury, upper scale and upscale segments.

About Singapore

President: Halimah Yacob

Prime Minister: Lee Hsien Loong

Capital: Singapore

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