Indian Hotels says no decision yet on Orient-Express bid
In November, US-listed Orient-Express, which owns the Hotel Cipriani in Venice and the '21' Club in New York, rejected a USD 1.2 billion unsolicited takeover offer from Indian Hotels as too cheap.
Indian Hotels Co Ltd said on Thursday it had not decided on whether to revise its bid to acquire Orient-Express Hotels Ltd .
Also read: Speciality Restaurants Q4 profit jumps 140% to Rs 5.3 crIn November, US-listed Orient-Express, which owns the Hotel Cipriani in Venice and the '21' Club in New York, rejected a USD 1.2 billion unsolicited takeover offer from Indian Hotels as too cheap."The board has not yet taken a decision on the Orient-Express bid. Different options are open to us," Anil Goel, executive director for finance, told reporters on Thursday. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
