Vaish, AZB lead on IHCL-GIC joint investment of 4,000 crore to acquire luxury hotels

Bar & Bench May 29 2019
IHCL-GIC Strategic partnership

Indian Hotels Co. Ltd. (IHCL), the owner of the Taj luxury hotel chain signed a strategic partnership with Singapore’s sovereign wealth fund GIC Pte Ltd to jointly invest around ₹4,000 crore ($600 million) over three years.

Vaish Associates advised IHCL.

AZB & Partners acted for GIC and the team was led by Partners Sai Krishna Bharathan, Ananya Sharma and Kunal Kumbhat.

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