The merger process is a work in process, it is difficult to predict timeline and HDFC and Max are committed to finding a way to make this merger happen, Analjit Singh, Founder of Max India told CNBC-TV18.
Max India's hospitality business has grown by 30 percent in the last six years, he says. The company plans to expand its bed capacity to 5,000 from the current 2,500. Land has been acquired for these expansion plans.