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Goldman Invests $40 Million in Indian Hotel Chain

Goldman Invests $40 Million in Indian Hotel Chain

Goldman Sachs, through an affiliate, has invested $40 million as equity in Vatika Hotels, a hospitality venture of the realty firm Vatika Group. Gurgaon-based Vatika Group did not disclose the equity stake.

The Siasat Daily reports that when contacted, Vatika Group president (Hospitality) Vineet Taing said, “We have received investment from Goldman Sachs. The equity stake is still being worked out.”

This announcement follows one on Vatika Group’s raising $25 million from Singapore‘s Sovereign Wealth Fund GIC to develop two residential projects along the  Dwarka Expressway, an alternate link road between Delhi and Gurgaon.

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