- 03:31 PM Bajaj Hindusthan a good bet: Sandeep Wagle
- 03:27 PM DLF takes a dip
- 03:27 PM GMDC has target of Rs 145: Sandeep Wagle
- 03:24 PM GM pays back Germany, signals fewer job cuts
- 03:22 PM Sell Mahindra Satyam: Sandeep Wagle
- 03:21 PM Darwin debate rages on 150 years after
- 03:16 PM Suzlon, SCI, Delhi Int'l Airport may raise funds v...
- 03:15 PM GAIL India touches a 52-week high
- 03:14 PM Satyam says no out-of-court settlement with credit...
- 03:12 PM F&O Check: BPCL up 6%, adds 5.5 lakh shares in OI



Pune-based Sahil Group has today announced that its group company Sahil Resorts, Agrifields and Farms Pvt Ltd has now become a public limited company. This company has interest in hospitality sector and has properties such as SAHIL SAROVAR Portico in Lonavala and is currently working on Asia’s largest Spa in association with Radisson Group of Hotels & Mandara Spa at Alibaug.
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.
|
|
Business
Business News | Economy | Earnings | BSE NSE Notices
General News
Current Affairs | Politics | World News | Sports | Entertainment
Corporate Strategy
Management | Advertising | Marketing | Legal
Personal Finance
Tax | Insurance | Credit Cards | Loans | Property | Retirement | Investment Help | Financial Planning | Fixed Income
Markets
Local Market | Global Market | Market Cues | Analysis | Expert & FII outlook | Brokerage Recomendation
Stocks
Stocks in News | Expert Advice | ADRs & GDRs | IPO
Mutual Funds
News | Advice | MF Analysis | Fund Managers Views
Lifestyle
Travel | Wellness | Technology | Auto| Books
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- 10 companies that MF managers love
- Sudarshan Sukhani's top five picks for today's trade

- Ganeshaspeaks: Market prediction for Nov 25
- Ex-bonus, RIL will see correction: SP Tulsian

- Expert sector picks to power your portfolio ahead

- Mah Satyam looks at out-of-court settlement with creditors
- Mitesh Thacker's top 5 picks for trade today

- Mkts to remain strong; bet on midcaps: Ramesh Damani
- Unitech gears up for third fund raising exercise

- Auto sector growth to push up demand for rubber
Source: Business Line
- High networth individuals see glitter in commodities
Source: Business Line
- Tatas may launch electric Indica by early 2011
Source: Business Line
- CBI unearths additional fraud of Rs4739cr in Satyam
Source: Business Line










