Indian Hotels sells 5.1% stake in UK's Belmond for $50m

Indian Hotels sells 5.1% stake in UK's Belmond for $50m

After divesting 1.24 per cent stake earlier this year, Indian Hotels Co Ltd through its overseas arm Samsara Properties, has sold 5.1 per cent more in UK-based Belmond Ltd, for $49.5 million (Rs 335 crore), the company said on Friday.

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