In a PTI report, Hyatt group's 'Hyatt Place' hotels in India, in a joint venture with realty firm Emaar MGF, got a clearance from The Foreign Investment Promotion Board (FIPB). The clearance was sought through Mauritius─based H P India Holdings, a Hyatt group entity. The final approval is yet to come from the Finance Ministry.H P India Holdings plans to set up a JV with Emaar MGF Land, in the name of Aashirwad Cobuild , with a foreign equity of 26 per cent, which amounts to Rs 125─150 Crore...
Read Full Story