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Samhi Hotels up over 7%...

BENGALURU: Samhi Hotels, which operates Marriott,...

Samhi Hotels up over 7% in debut trade at $357 million valuation

BENGALURU: Samhi Hotels, which operates Marriott, Hyatt and IHG hotels in India, rose as much as 7.9% in its trading debut on Friday, valuing the company at 29.63 billion rupees ($357.31 million).Shares of the company, which opened at 134.5 rupees, climbed as much as 135.9 rupees, and have so far stayed above its initial public offer price (IPO) of 126 rupees.Samhi Hotels managed to garner bids worth 41.96 billion rupees after the company's IPO was oversubscribed by more than five times earlier this week.Revenue from operations more than...

Karl Jörg - September 22, 2023

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Samhi Hotels up...

BENGALURU: Samhi Hotels, which operates Marriott, Hyatt and IHG hotels in India, rose as much as 7.9% in its trading debut on Friday,...

Karl Jörg - September 22, 2023

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