ADITYA BIRLA NEW Age Hospitality (ABNAH), the hospitality arm of Aditya Birla Group, has acquired the entire stake in KA Hospitality Private (KAH) that owns restaurant brand CinCin. The acquisition, which expands its hospitality play, also adds three global brands to its portfolio.
The financial terms of the deal were not disclosed.
Apart from CinCin, the acquisition would bring three other brands Hakkasan, Yauatcha and Nara Thai spanning the mid-market to premium segments under its fold. With this acquisition, ABNAH, promoted by Aryaman Vikram Birla, has added seven restaurants to its portfolio across three cities, it said in a statement.
Denne historien er fra August 02, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 02, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Microsoft to spend $80 billion on AI data centers this year
MICROSOFT CORP PLANS to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence.
S Korea investigators ask acting prez to clear way for Yoon's arrest
SOUTH KOREAN INVESTIGATORS again asked the country's acting president on Saturday to order the presidential security service to comply with an arrest warrant for impeached President Yoon Suk Yeol.
Chinese Dam on Table for Sullivan's India Visit
AI, civilian nuclear cooperation, space may also be taken up
Mike Johnson Re-elected US House Speaker
Republican Congressman Mike Johnson on Friday was re-elected as Speaker of the US House of Representatives with a narrow victory margin of three votes.
No jail time for Trump, suggests judge in US hush money case
Will keep fighting, says communications director Cheung
Border-Gavaskar Trophy: As Bumrah leaves, 'captain' Kohli calls the shots
Kohli took charge after Bumrah left bowling due to spasm
Rohit clears the air: Not going anywhere
Says those on outside can't influence when he stops playing
Worrying signs from the Arctic
Scientists say fires in the region could have major consequences
Big rockets, a telescope & big changes in space await in 2025
Some key events to look forward to in space & astronomy
Dr Manmohan Singh, RIP
The present generation (born after 1991) scarcely believes that there was an India with one television channel, one car, one airline, one telephone service provider, trunk calls, PCO/STD/ISD booths and long waiting lists for everything from two-wheelers to train tickets to passports. The seeds of change were sowed by Dr Singh, a fact belatedly acknowledged by Prime Minister Modi's tribute to him and the Cabinet resolution.
