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.

May 31, 2013 / 10:38 IST

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 cr

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.

"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.

first published: May 30, 2013 09:02 pm

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