India: Vatika Hotels raises $73m debt from Axis Bank

India: Vatika Hotels raises $73m debt from Axis Bank

Visual from Vatika group website

Vatika Hotels Pvt. Ltd, owned by real estate and hospitality firm Vatika Group, has raised Rs495 crore in debt from Axis Bank Ltd, which it will use to expand its hotels and quick-service restaurant chain besides its business centres, a top company executive said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter