Homeretail News

    Blackstone, KKR, others in race to buy bankrupt Golden Jubilee Hotels, says report

    Blackstone, KKR, others in race to buy bankrupt Golden Jubilee Hotels, says report

    Blackstone, KKR, others in race to buy bankrupt Golden Jubilee Hotels, says report
    Profile image

    By CNBC-TV18  IST (Published)

    Mini

    Marquee investors Blackstone, KKR and JM Financial Asset Reconstruction Company (ARC) have placed offers to acquire the bankrupt Golden Jubilee Hotels, the operator of the Trident in Hyderabad, The Times of India reported.

    Marquee investors Blackstone, KKR and JM Financial Asset Reconstruction Company (ARC) have placed offers to acquire the bankrupt Golden Jubilee Hotels, the operator of the Trident in Hyderabad, The Times of India reported.
    Though nine parties had procured the bid document, at least three financial investors made firm offers, the report said citing unidentified sources.
    Edelweiss Asset Reconstruction Company is said to be the fourth bidder for Golden Jubilee, the report said.
    An investment arm of JP Morgan and EIH, which runs the Oberoi and Trident chain, together have a large stake in the company and they owe more than Rs 970 crore to financial and operational creditors, the report said.
    arrow down

      Market Movers

      View All
      CompanyPriceChng%Chng