![]() Sahil Group plans to go public with IPOPublished on Fri, May 25, 2007 at 14:22 | Source : Moneycontrol.com Updated at Fri, May 25, 2007 at 14:28
Speaking on this development Vinay Phadnis, chairman & managing director, Sahil Group said, "This is the result of the faith reposed on us by our patrons and stakeholders. As a growing company we intend to take on more responsibility and plan bigger things. In this regard, we would like to take a step forward and go public soon via the IPO route. I would like to mention here that EXIM bank has invested in our company's debentures." Phadnis further unveiled Sahil's plans to develop five star luxury hotels in Pune, Navi Mumbai, Delhi and Goa investing around Rs 1000 crore in next 3 years. Most of them will be funded by the money generated through the IPO. About sahil group Sahil Group has three main areas of interest viz Spa & Resorts, Real Estate and IT. In the next five years Sahil has plans to invest Rs 100 crore in various real estate projects across destinations in India and abroad (Sri Lanka) to develop Spas & Resorts.
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